November 29, 2025

Happy weekend! Compared to the previous few weekends, the market has been much better these two days, although it hasn't continued to surge. However, for a rebound market, being able to consolidate is a good sign, which helps to sustain the rebound trend. Currently, Bitcoin still needs to test the support at 90,000, while Ethereum is facing the test of 3,000 points. In fact, I believe that in the upcoming volatile market, it is highly likely that it will break down, and the key is whether the previous low of 80,000 can be defended. Even if we go through a second or even third bottoming, it is acceptable.
Today I also saw some unfavorable news, which is that the high-level officials continue to speak out, wanting to strengthen the crackdown on financial activities related to cryptocurrencies. Recently, there have been instances where some meetings were temporarily halted. Therefore, to be honest, in terms of funding, it is almost impossible to expect retail investors here to come in and save the market. In fact, the performance of altcoins in this round has been poor, not only because the project teams are too unreliable, but also because there are too few new investors coming in. Only new investors would blindly rush in, so I judge that even if the market rises after 1-2 months of sideways movement, there won't be the altcoin season that everyone is looking forward to.