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From December 6 to December 12, the Bitcoin trend during this phase showed a clear multi-stage switching characteristic, manifested as "breaking support → range oscillation → rebound breakthrough → high-level oscillation → rapid repair." After breaking below the key support of $90,000, it experienced low-level oscillation to build a bottom, and then, driven by macro interest rate expectations and sentiment recovery, it launched a strong rebound, reaching a high of $94,444 at one point. The overall price operating range is between

From November 29 to December 5, 2025, Bitcoin exhibited a four-phase trend of "consolidation → plunge → rebound → fluctuation," with prices fluctuating significantly between $84,286 and $94,010, a range nearly close to $10,000. Initially, the market maintained a narrow consolidation phase, followed by a sudden drop due to technical corrections and leverage liquidations, but quickly experienced a V-shaped rebound, indicating a clear recovery in market sentiment.

This week, Bitcoin completed a phase of bottoming out after several days of concentrated downward pressure, with the market starting a technical recovery from the $81,000 area. During the period from the 24th to the 25th, a bottom-lifting structure was observed, as the market quickly shifted from liquidity withdrawal to gradual recovery. On the 27th, it broke through the key resistance level of $90,000 and accelerated with increased volume, with the price returning to oscillate above $91,000-$92,000. The current rebound is mainly driven by short covering.

After breaking through key support, a series of bottom tests occurred; the market has entered an extreme panic zone.

From November 8 to November 14, Bitcoin exhibited a five-stage price movement structure: "low rebound → sideways consolidation → upward attack on high points → pullback rebound → rapid breakdown downward." This week's price mainly ranged between $98,000 and $107,000. After multiple attempts to break the strong resistance at $105,000–$107,000 on November 10-11, the momentum weakened.

From November 1 to November 7, Bitcoin's overall trend showed a pattern of "sideways consolidation → rapid decline → low-level rebound and repair." The price mainly fluctuated between $111,000 and $101,000, with a significant drop during this period. On November 5, it briefly fell below the psychological level of $100,000, setting a new low for recent months. This was influenced by tightening macro liquidity and large-scale leverage liquidation.

From October 25 to October 31, Bitcoin overall presented a market rhythm of "first sideways consolidation → strong breakout → accelerated short liquidation surge → profit-taking pullback → wide fluctuations." The main price range was maintained between $106,398 and $116,000, with significant overall volatility, indicating that the short-term trend of the market is unstable and there are signs of capital speculation.

This week, Bitcoin's overall operating rhythm is characterized by "sideways consolidation → oscillating rise → short-term breakout → stabilization and rebound." The main price range is maintained between $106,000 and $114,000, with an overall fluctuation of about 7.5%, during which the forces of bulls and bears frequently alternate. The market has not yet completely escaped uncertainty and may still be affected by factors such as macro policies, exchange liquidity, and changes in capital flow in the short term.

From 121.40k to 105.88k, the "impact, repair, and reset" resulted in a hash rate of 1.240 ZH/s, with the hash price falling in the range of 47 to 49 USD.

Price fluctuations in intervals, elastic computing power, stable miner economy

This week, Bitcoin has consolidated downward from the 115–116k high to the 109k range; the inflow and outflow of spot ETF funds triggered two liquidation waves, and the wait-and-see attitude before macro data has weakened risk appetite. Network hash rate has fallen from the historical high on 9/20 to a stable range of about ~1.1 ZH/s, and as Hashprice dropped below $50/PH/s/day, miner profits have simultaneously tightened.

In the past week, Bitcoin has been trading in the range of $114,400–$117,910, transitioning from a sideways consolidation to a breakout attempt driven by the Federal Reserve's interest rate cuts. Market momentum primarily stems from changes in expectations regarding Federal Reserve policy, the 25 basis point rate cut on September 18, ongoing ETF inflows, and improved risk appetite.

In the past week, Bitcoin's overall performance has been characterized by "sideways consolidation → volatile ascent → sideways accumulation → upward breakout." Under the combined forces of macroeconomic easing expectations, continuous inflow of ETFs, and institutional accumulation, Bitcoin has transitioned from a phase of volatile consolidation to a breakout. The price has switched between the $110,000 – $116,000 range, accompanied by gradually increasing trading volume, and the market structure has shifted to a bullish bias.

This week, Bitcoin gradually recovered after experiencing a period of low consolidation and迎来了阶段性调整 before the release of key macro data. The overall market structure still appears fragile, and investor sentiment remains defensive. In the short term, there are still volatility risks in the market. Short-term operations should remain cautious, while in the medium to long term, it is still recommended to pay attention to the interaction effects of macro policies and institutional funds.

This week, Bitcoin entered a correction phase after a rapid surge, stabilizing around $110,000. Subsequently, the price gradually rebounded mid-week, showing a phased trend of "rally - pullback - bottoming - recovery." Meanwhile, funds began to flow from Bitcoin to Ethereum, with daily inflows into Ethereum nearing $900 million, approaching the inflow level of Bitcoin, indicating that market attention is gradually shifting towards Ethereum.

This week, Bitcoin prices have shown a stepwise correction, with market sentiment being cautious, and funding and macro policy expectations becoming dominant factors. The price trend has gone through four stages: sideways consolidation, three rounds of decline, and low-level stabilization. The crypto market is under pressure, with spot Bitcoin and Ethereum ETFs experiencing capital outflows for four consecutive trading days, as the market awaits Powell's key speech on Friday.

This week, the price of Bitcoin has shown a rhythm of "steady rise - brief pullback - renewed surge - technical correction," maintaining a high-level oscillation range. The price structure is clear, with the interplay of capital flow and news driving both short-term fluctuations and trend continuation. Although the technical correction has interrupted the upward rhythm, the price remains in the historical high range. The market is expected to resume its upward momentum after digesting macro and technical pressures.

Driven by cloud computing power, HashWhale shines with its latest technology and business layout, driving global Bitcoin mining innovation.

This week, Bitcoin experienced a high pullback, bottoming out, and a stepwise rise, with a clear upward channel. Early in the week, ETF redemptions put pressure on the market, but in the latter half of the week, capital inflow and on-chain accumulation stabilized the trend. The technical indicators show a bullish bias for the medium to long term, while in the short term, it may retest the MA20 to confirm support. The CFTC has initiated a spot cryptocurrency contract proposal, leading to a warming of market sentiment.

This week's market overall presents the structural characteristics of "high-level fluctuations + double dip down," especially during the two rounds of deep corrections on July 31 and August 1, where the market showed clear signs of pressure at high levels. Short-term risk sentiment quickly intensified, and the trend gradually shifted from a strong fluctuation to an adjustment phase. Against the backdrop of increased price volatility, Bitcoin mining still maintains stable profitability, and the overall operation of the industry demonstrates strong resilience.