Click on the link to join: https://meeting.tencent.com/dm/fr28JbrVJmZJ ETH Price Trend Analysis K-line pattern: The recent K-line trend has rebounded, with prices rising from around 2795 to 2804.99, indicating some buying support. The recently formed candlestick combination of yin and yang indicates a volatile consolidation state in the market, but the high point of 2812 above may form a pressure level. Technical indicators ——The MACD indicator shows that both DIF and DEA are operating in the negative range, and the MACD bar chart continues to contract, indicating a slight decrease in selling pressure in the short term, but still in a bearish phase. ——The RSI index is 45.49, which has not yet entered the overbought or oversold zone, indicating that the current market is relatively balanced and has the potential for further rebound. ——In terms of the EMA moving average, EMA7 is below EMA30, indicating a bearish signal; But the gradual approach of EMA also suggests that there may be signs of a turning point in the short term. Turnover ——The current trading volume is 4889, which has decreased compared to the previous period, indicating a weakening of market participants' enthusiasm. It is necessary to pay attention to the subsequent increase in volume to determine whether the trend continues. ——Yesterday's overall trading volume reached 87302, reflecting that the market used to be highly active, but today it appears relatively dull compared to before, and attention should be paid to whether it will cause significant fluctuations. [Trading Point] Buy Point 1: 2775 USDT (Based on the price approaching the recent low of 2791.71, there may be support and significant rebound potential) Buy Point 2: 2750 USDT (with a significant decline relative to Buy Point 1, meeting an interval of more than 1%, and expected to build stronger support at this price level) Long stop loss point: 2745 USDT (set below the buy point 2, giving some room to avoid the risk of sudden fluctuations) Selling point one: 2830 USDT (considering the previously formed selling pressure zone, around 2812, a reasonable profit target can be achieved) Sell Point 2: 2855 USDT (above Sell Point 1, the take profit position when the momentum continues to rise, making the profit considerable) Short Stop Loss Point: 2860 USDT (set above the Sell Point 2 to prevent losses caused by market shifts) Official QQ fan group: 194641904 Click on the link to join the group chat: https://qm.qq.com/q/MJpPEwmkAG Tencent Meeting Number: 883-975-306 Trading is a long process. By adjusting your mindset, grasping the short term, and being able to hold onto the long term, you will definitely generate a chemical reaction in this market. Welcome to join the Wanxiang blockchain community and experience a different kind of trading Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

[China's Central Bank Net Injects 50 Billion Yuan into the Open Market in November] China's central bank announced the liquidity injection for November 2025, with a net injection of 50 billion yuan through open market government bond transactions. This marks the second consecutive month of government bond trading operations.

The cumulative trading volume of US stock futures on the Bitget platform has exceeded $10 billion, with Tesla trading volume of $2.72 billion, Meta trading volume of $2.14 billion, and Strategy trading volume of $1.45 billion. （Cointelegraph）

**[Bitcoin Price Falls Below Network Value, Recovery Probability Predicted at 96%]** The price of Bitcoin has dropped 31.4% from its all-time high of $126,000 set on October 6, marking the first time in two years that it has fallen below its network value (Metcalfe Value). Economist Timothy Peterson pointed out that, based on historical data, this typically signals a recovery in Bitcoin's price. Metcalfe's Law suggests that Bitcoin's price is positively correlated with the growth of active addresses and transaction volume, with network expansion generally increasing its fair value. The current divergence between price and network value may indicate that Bitcoin is undervalued, a phenomenon often observed after speculative excesses. Peterson wrote on the X platform that this does not necessarily mean the price has bottomed out, but it does indicate that leverage has significantly decreased and the "bubble" has burst. He added that the Metcalfe Value Ratio is an effective predictive tool, with data showing a 96% probability of positive returns one year after the price falls below network value.

[Investors Fear a New Crypto Winter, Bitcoin May Drop to $60,000] According to The Wall Street Journal, the sell-off in the cryptocurrency market is intensifying, with Bitcoin and other high-risk digital assets facing broader downward pressure. BNB Plus Chief Investment Officer Patrick Horsman stated that investors are becoming increasingly pessimistic about the market and economic outlook, reducing their risk exposure, and predicting that Bitcoin could drop to $60,000. He noted that the current sell-off is not accompanied by events like the Mt. Gox or FTX collapses, but the intense volatility that has characterized the early days of the crypto industry continues. Historically, Bitcoin has fallen by as much as 80% during a 'crypto winter.'