Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Saturday, November 8, 2025. I am Wang Yibo! Good morning, fellow crypto enthusiasts ☀Iron Fans Check-in 👍Like and Prosper 🍗🍗🌹🌹,

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The three major U.S. stock indices closed mixed, ending their three-week winning streak. The Nasdaq fell 0.21%, down 3.04% this week; the S&P 500 rose 0.13%, down 1.63% this week; the Dow Jones rose 0.16%, down 1.21% this week. Large tech stocks had mixed performances, with Tesla down over 3%, Google down more than 2%, while Apple and Microsoft saw slight declines; Intel rose over 2%, Nvidia, Netflix, Amazon, and Meta saw small gains. Notably, Microsoft has fallen for 8 consecutive days, the longest streak since November 2011. Trump said he doesn't know when the U.S. government shutdown will end. U.S. non-farm payroll data remains elusive. The crypto market rebounded across the board, with Bitcoin reaching a high of 104,000 USD, Ethereum hitting 3,471 USD, and altcoins switching hot sectors. Old coins rebounded strongly, while the contract market experienced widespread liquidations, sweeping out shorts. Stay tuned with Yibo for real-time updates.

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Bitcoin's performance yesterday demonstrated a "rebound, pullback, then explosion" three-stage pattern. In the early session, the price rebounded from around 100,600 USD, with bullish momentum gradually building, reaching as high as 102,480 USD. However, there was strong resistance near that level, preventing an effective breakout, and the market entered a retracement phase. By the evening trading session, the pullback intensified, with the price dropping to around 99,200 USD. Notably, this low triggered strong buying support, leading Bitcoin to initiate a significant rebound, with momentum stronger than earlier, reaching a peak near 104,000 USD. Unfortunately, this high was not sustained, and profit-taking caused a slight decline. Considering lower institutional trading activity and reduced market liquidity over the weekend, volatility is expected to narrow significantly compared to the week.

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Ethereum also experienced a strong bottoming rebound yesterday. The move started from a low of 3,240 USD, with a steady upward trend during the daytime, reaching as high as 3,370 USD. However, amid the overall market correction, bullish momentum waned in the afternoon, and the price entered a retracement phase again. By evening, Ethereum stabilized around 3,190 USD after a pullback, forming a new support level above the previous day's low. Subsequently, the bulls launched a vigorous rally, breaking through the previous resistance at 3,370 USD and continuing higher, reaching around 3,470 USD. Currently, the price faces short-term resistance and is consolidating in a sideways pattern.