From a technical perspective, the rapid decline in the early morning can be viewed as a concentrated test of the key support zone after the breakout. Bitcoin dipped from 92600 to 89500, just retesting the previously broken daily neckline level and the lower boundary of the channel, while Ethereum also touched the trend support band near 3040. This volume-expanding pullback not only digest the short-term overbought pressure but also forms a lower shadow at a critical level, laying a solid foundation for subsequent upward movement.

In terms of trend structure, the weekly upward pattern remains intact, and this correction still falls within the normal retracement after the breakout. The 4-hour RSI has recovered from the overbought zone to a neutral level, without showing continuous selling divergence. The market demonstrates clear signs of bullish and bearish handover and accumulation in the support area. #Gate11月透明度报告出炉 $BTC

Looking ahead, if the price can stabilize in the 90300-90500 range and gradually recover the 91800 level, it may confirm a "dip below and rebound" bullish signal. Against the macro background of medium-term liquidity easing and continuous inflow of ETF funds, the intense volatility on Black Friday is more likely to serve as a healthy consolidation step for trend continuation.