November 17, 2025

The market attempted to push down again, with Ethereum hitting a low of 3004 USD, almost falling below 3000, which is another significant round number. Currently, there seems to be some support. Subsequently, the market began to rebound, and Ethereum moved up to 3200 USD, while Bitcoin returned to 95000. However, it must be noted that the market still hasn't broken free from the bottom range. If there isn't a decent rebound soon, it will continue to fall further.
Generally speaking, in the process of a decline, support points must be determined not only by relying on the densely packed zones of chips but also by waiting for the market to develop before knowing. The same goes for the pressure points during an uptrend. Currently, looking at the market trends, there is no obvious support formed at any point for Bitcoin, which is a bad signal. If the market continues to trend downward, breaking below 90,000 will be difficult. In fact, the market urgently needs a bullish candle to recover, as we are currently in a very critical period, and it is basically transitioning into a bear market. I just want to wait for a more clear signal.
The US stock market will open tonight, and we will see how Bitcoin correlates with it. In fact, if Bitcoin can follow the US stock market, it would be good news for the current market situation, since the US stock market continues to reach new highs. If Bitcoin follows, it will break free from the four-year cycle rule; otherwise, it will continue on the four-year cycle, and next year will definitely be a bear market year. Regardless, we still need to be prepared, as the four-year cycle has never been broken. It's not advisable to gamble, and recently Bitcoin's price movement has already deviated from the trajectory of the US stock market.
In terms of the market, there are a few coins that are relatively strong, if you want to say at this time.