Bitcoin has not really retraced but has stubbornly risen to 90,000.

It's slightly stronger than I expected, the script for the short to medium term has already been written in previous articles.

Currently, the price movement of BTC has resonated with the US stock market at a historical low point, and simply deriving from macro logic can easily lead to losses.

From a trading perspective, entering a tailing market, the technical analysis school that focuses solely on drawing lines and ignores outside matters will be more handy, simply weighing the risk-reward ratio.

Since the 16th, the yield on the U.S. 10-year Treasury bond has been declining, which means that the probability of a rate cut in December is increasing.

The current trend of Bitcoin also aligns with what Lao Xu said before: if further dovish measures are taken, there will be a good rebound window for crypto before early December. Now, there are only about 8,000 dollars left to reach my target of 100,000.

To put it bluntly, even the best analysts cannot predict short-term trends accurately. Perhaps soon, there will be a pullback to around 80,000. It's unnecessary for outsiders to participate now; if you're already in the pit, just wait to see if there will be a decent rebound to take the opportunity to escape.

Currently, funds in the crypto circle are running towards the US stock market. Google, with its comprehensive AI layout, is likely to take over NVIDIA's AI momentum. Whether it's the hardware TPU or the top-ranking AI model Gemini3, both have amazed the market. It's no wonder that Buffett, who usually seeks stability and avoids tech stocks, has heavily invested in Google in the third quarter.

In short, the narrative of the industrial chain reconstruction brought by AI is too tempting. Crypto is temporarily sidelined, and even the enthusiastic Koreans who turned pancake trading into esports have started to jump on the US stock bandwagon.

There is an even more exciting piece of news: the regulatory body, the US SEC, will hold a meeting on December 4 to specifically discuss how to issue, trade, and settle equity tokenization under existing regulations. This is the first time that stock on-chain has been included as a core topic in the SEC's official agenda.

Although some exchanges and wallets can buy US stocks now, the variety and liquidity are very low. With the establishment of regulatory frameworks, if all US stocks go on-chain, it will be a huge deal for the capital market. The world is one step closer to zero-threshold stock trading, and this small lake of crypto has been completely placed into the vast sea of market competition.

The grassroots dividends of the crypto industry have almost disappeared. Everything will return to value in the future, and worthless coins will gradually fade away.

That's it. Subscribe to this account for continuous updates on the industry.

Note: Investment has risks. Use your own brain to think it over, make your own decisions and take responsibility. The information provided is just one perspective for reference.

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