Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Monday, November 17, 2025, I am Wang Yibo! Good morning to all coin friends ☀ hardcore fan daily attendance 👍 like and make big money 🍗🍗🌹🌹,
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Yesterday morning, the "roller coaster" market in the crypto world escalated again. Bitcoin once fell to the 92900 USD level, with a decline of 2.82% in the past 24 hours. This drop not only erased all the gains made this year but also put the market's recognized "death line" of 93000 USD in jeopardy. Meanwhile, Ethereum is also experiencing a decline, launching a new wave of attacks towards the critical 3000 USD threshold. Coincidentally, this week, the long-overdue economic data from the United States will be released all at once, and this turbulence, intertwined with technical pressure and macro uncertainty, is pushing the crypto world towards a new crossroads. Stay tuned to Yibo for real-time updates on the crypto world!
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Bitcoin yesterday remained in a small structural consolidation pattern during the day session. After a low of $94,700 in the morning, it began to rebound, with bulls showing a good intent to push higher. The price fluctuated upward and reached a high of around $96,500 by the evening. However, the bearish pressure from above was unexpectedly strong, causing the price to quickly retract after reaching the highs, entering a sustained downward channel. In the early morning hours, Bitcoin's decline further expanded, dipping to a low of $93,700. Although there was a slight rebound, it faced bearish attacks again at around $95,500, halting the rebound momentum. In today's morning session, influenced by market sentiment after the U.S. market opened, the price faced downward pressure again, successfully breaking the recent consolidation low of around $92,900, setting a new phase low. However, buying at lower levels soon entered the market, pushing the price up, and the rebound trend is still continuing. For today's intraday trend, recovering the high levels will be the core observation point. If the morning session can strongly recover the lost ground in the range of $95,200-$95,500, returning to the previous consolidation range and stabilizing, or even breaking through the previous consolidation resistance level, then the market is expected to reverse the short-term weak pattern and form an effective bullish rebound; on the contrary, if the rebound lacks strength and cannot break through key resistance levels, the price is likely to continue to test lower supports.
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Ethereum also showed a fluctuating trend of rising and falling yesterday. After testing the support at $3130 in the morning session, it entered a fluctuating upward mode, with bullish momentum gradually released, and it peaked at $3248 by the evening session. However, similar to Bitcoin, Ethereum faced strong bearish pressure at high levels, causing the price to quickly fall back, with previous rebound gains significantly eroded. In the early morning period, Ethereum dropped to a low of $3025. Subsequently, with the influx of bottom-fishing funds in the market, the price experienced a slight rebound and began to consolidate around $3120. In today's morning session, Ethereum again showed a significant spike, with the key support level at $3000 momentarily in jeopardy; however, it has temporarily held this support point without an effective breakdown, and is currently in a rebound recovery process. For Ethereum, the breakout situation in the $3120-$3150 range on Monday morning will be an important guide for the short-term trend. If the price can strongly break through this resistance range, the market is expected to return to the previous channel for consolidation, alleviating the short-term weak pattern; conversely, if it fails to break through this resistance range and subsequently experiences an increase in decline, the previous channel structure is likely to break, and the price may enter a deep adjustment phase along with Bitcoin.