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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.

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.

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'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 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.

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.

This week, the Bitcoin market showed a wide range of fluctuations, with a period of narrow consolidation followed by intense long-short battles, leading to a significant increase in market volatility. The oscillating pattern is expected to continue in the short term, and short-term traders should remain cautious of sudden reversal risks. In terms of mining, the industry's profitability is good, with miners enjoying ample profits and stable cash flow. The overall network has seen a continuous increase in computing power, and mining difficulty is expected to rise, indicating enhanced confidence among miners and intensified industry competition.

This week, Bitcoin's trend has shown a structural market of "sideways—fluctuation—strong breakout," with a significant cumulative increase, and the market has entered a strong trend phase. On July 10, Bitcoin surged with increased volume, forming an effective technical breakout. On July 11, it continued to accelerate upward, demonstrating a typical step-like rising structure. Overall, the current upward trend is clear, trading is active, and capital-driven momentum is evident. There is still upward space in the short term, but caution is needed regarding intensified high-level fluctuations and potential overbought risks.

This week, Bitcoin experienced wide fluctuations, influenced by macro news, presenting an overall trend of "sideways consolidation - pullback - strong rebound and high-level consolidation" in three phases. From July 1 to 2, the market fluctuated downward due to traders' risk aversion ahead of the release of key economic data in the United States. Meanwhile, Bitcoin mining operations remained stable overall this week, with large mining companies demonstrating significant competitive advantages in energy efficiency control and resource integration.

This week, the price of Bitcoin has shown a trend of "rising and then being blocked, followed by a fluctuating decline," currently maintaining within a narrow range of fluctuations. The short-term direction still requires further confirmation from trading volume and macro sentiment, with technical signals leaning towards a mildly bullish outlook. Meanwhile, mining costs continue to rise, with the average mining cost in the second quarter of 2025 increasing by about 9.4% compared to the first quarter, reflecting the ongoing pressure on miners' profitability from the expansion of computing power and rising energy prices.

This week, the Bitcoin market has shown a typical trend structure of "rising and facing resistance, followed by a quick pullback," and we need to be cautious of technical corrections and potential mid-term trend reversal signals in the short term. On June 13, affected by fluctuations in geopolitical situations and risk aversion sentiments, Bitcoin, as a high-volatility risk asset, faced downward pressure. Meanwhile, on-chain transaction activity has been sluggish, compressing miners' fee income space. However, overall, the mining ecosystem is operating smoothly, and miners' income remains at a relatively robust level.

This week, Bitcoin showed a fluctuating upward trend, continuously breaking through multiple key resistance levels, demonstrating a strong performance. The price successively broke through the two major psychological barriers of $110,000 and $111,000, setting a new stage high with significant gains. The market is expected to further open up upward space. Meanwhile, the overall profitability of mining activities continues to improve, significantly expanding miners' profit margins.

This week, Bitcoin showed an overall trend of "rising and then falling, followed by a consolidation and recovery." The short- and medium-term moving averages are in a bullish arrangement, and the weekly MACD is bullish, indicating an increase in market upward momentum. With no significant negative macro factors, the bullish pattern is expected to continue, gradually challenging historical highs. Meanwhile, despite increased volatility, mining profits remain stable, the overall network hash rate has recovered, and the mining ecosystem is operating well.

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This week, the Bitcoin market showed an overall "initial decline followed by a rise" trend, with prices continuously breaking through multiple key technical resistance levels, strongly surpassing the $100,000 mark and reaching a new high for the period. Accompanied by the price increase, the Bitcoin hash price has steadily rebounded, nearing the high range of the past month, rising for several consecutive days, indicating that the market's demand for computing power resources remains strong. Currently, most miners are maintaining profitability, and the overall operation of the mining industry is in good shape.

This week, the price of Bitcoin has strongly rebounded from previous lows, maintaining overall above $82,000. Despite multiple attempts to break through, it has not achieved an effective breakthrough. Bullish forces are trying to gently push the market up, but the overall trend is still highly constrained by the macroeconomic environment. Meanwhile, on April 13, the total network hash rate of Bitcoin briefly surpassed 1000 EH/s, setting a new historical high.