#加密市场观察 In light of the current market environment, analysts have proposed three possible scenarios for the Crypto Assets market in November 2025.

1 Recovery Scenario: Bitcoin rebounds to the range of $116,000 to $120,000. The realization of this scenario requires the Federal Reserve to restart easing talks and for macro data to remain stable.
2 Range-bound Market: Bitcoin is trading between $104,000 and $116,000. This is the most likely base case, accompanied by a mild bullish bias, mainly driven by cautious liquidity and limited catalysts.
3 Deeper pullback scenario: Bitcoin tests the support level of $100,000 again. This scenario may be triggered by a hawkish stance from the Federal Reserve or a resurgence of trade tensions. If macro conditions stabilize and traders regain confidence, November could see Bitcoin regain momentum to $115,000, and Ethereum break through $4,000 again.

Risk Warning and Investment Advice
The high volatility of the Crypto Assets market was vividly demonstrated in the market performance on November 2. Investors should rationally view blockchain, effectively raise risk awareness, and be vigilant against various virtual coin issuances and speculations. All market information or opinions from relevant parties do not constitute any form of investment advice. During periods of high market volatility, the risks of leveraged trading are sharply amplified, and investors need to strictly control their positions to avoid being forced to liquidate in uncertainty.
In the coming week, the financial markets will witness a series of significant events that may impact the trends of Crypto Assets, including speeches from several officials of the Federal Reserve and the release of U.S. employment data, which will provide more clues for the future monetary policy path. Meanwhile, the U.S. Senate plans to hold its next vote on the evening of November 3, and the market is closely watching whether the two parties can reach a compromise at the last moment. During this highly uncertain period, investors might as well be patient and wait for a decrease in market volatility and the formation of clearer fundamental trends.