#CoinDesk11月报告Gate战绩来袭

The Bitcoin market yesterday exhibited a clear trajectory of pressure and decline. After reaching a recent high of $107,480 in the morning, Bitcoin immediately entered a state of pressure, maintaining an overall trend of fluctuation and decline during the day. In the afternoon, the market dipped to a low of $104,700, briefly gaining support before rebounding slightly to $105,500, but the rebound lacked momentum and faced pressure again. In the evening, influenced by fluctuations in the US stock market, Bitcoin saw a significant drop, hitting a low of $102,430 during the session. It then began to rebound slightly, stabilizing around $103,000, attempting to recover part of the losses. The current market still maintains a high-level joint fluctuation pattern, and the upward and downward trend seen yesterday fully reflects the current market's lack of bullish confidence, limited capacity for high-level support, and cautious investor sentiment towards further chasing highs, resulting in an increase in market risk aversion. If it can successfully stabilize above $103,500 and form effective stabilization with gradual volume increase, it will likely open up new upward space, potentially leading to another attempt at $105,000-$106,200. Conversely, if it fails to hold the key support level of $102,000 and breaks down effectively, it may trigger panic selling in the market, leading to further adjustments.