📉 BTC is down more than 4% in 24 hours. Can it hold the 70K level?
A few days ago, BTC was still battling for 80K. Now it has fallen below $71,000, and market sentiment has cooled again.
This time, it’s not just short-term leveraged liquidations. 👀
💰 ETF outflows continue, testing the spot market’s ability to absorb selling pressure
📊 CPI came in above expectations, making the market more cautious about the Fed’s interest rate policy
📉 The 70K round-number level is approaching, and bulls and bears are divided again
Some believe the consecutive declines have already released some risk, and a rebound may emerge around 70K; others worry that funds have yet to return and the market may continue to fall.
Is this downturn short-term panic, or is the market still searching for a true bottom?
💬 If it were you, would you look for opportunities in stages around 70K, or wait for BTC to reclaim 73K before acting?
Come to Gate Square with #BTC跌4% to share your market outlook, actual trades, or trading review.
This time, are you ready to buy the dip, reduce your position, or keep waiting?

🔥 Gate Square Daily Featured Posts: 11.13
Rally or reversal? Why do trading plans always change in the moment?
Today’s 8 featured articles cover Ethereum explainers, market analysis, and trading insights. Let’s see what the community authors are thinking 👇
🔹 54: No Regrets After Making a Move: How Does Ethereum Replace Its “Engine” Without Shutting Down?
From the Merge and staking to Layer 2, a look at Ethereum’s upgrades and changing role.
https://www.gate.com/zh/post/status/curated/25576020
🔹 Ajiu: What factors are worth watching behind ZEC’s pullback?
A look at the pullback through expectations being priced in, macro pressure, and liquidations, along with key levels to watch.
https://www.gate.com/zh/post/status/25575184
🔹 Brother Lan blue: How can small-scale traders put discipline into practice?
From chasing news and holding losses to hesitating to take profits, a discussion of common trading pitfalls and execution rules.
https://www.gate.com/zh/post/status/curated/25572939
🔹 Genius Trader Brother Jie: Is ETH rebounding or reversing its trend?
A breakdown of the difference between a short-term recovery and a trend shift, drawing on the four-hour structure, rebound resistance, and funding conditions.
https://www.gate.com/zh/post/status/curated/25569064
🔹 Web3 Liangxuan Mr. Jiang: What should we watch next after gold’s pullback?
A look at key levels to watch in gold’s price action, based on technical patterns and support-resistance flips.
https://www.gate.com/zh/post/status/curated/25572677
🔹 One Meter Who Loves to Eat: Can the tech stock rebound continue after AI earnings?
A look at the recovery in market sentiment and the conditions for trend confirmation, focusing on QQQ and semiconductor performance.
https://www.gate.com/zh/post/status/curated/25577203
🔹 Xuguang: Make your DCA plan part of your daily record
Shares a personal ETH DCA plan, documenting its execution with purchase frequency, amounts, and screenshots of holdings.
https://www.gate.com/zh/post/status/25594457
🔹 Nice Uncle Wang Next Door: Why is it so hard to take profits and cut losses, even when you know you should?
A breakdown of the psychology behind changing prices on the fly, delaying stop-losses, and fearing missing out, with a discussion of the challenges of sticking to a trading plan.
https://www.gate.com/zh/post/status/25577543
✍️ Good insights deserve to be seen.
Share your original analysis, trade reviews, or lessons learned on Gate Square. Selected daily featured posts receive a 3-day traffic boost and content promotion.
The next featured post could be yours.
https://www.gate.com/post
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The content reflects the author’s personal views and does not constitute investment advice.

#Gate股票畅聊季 SanDisk (SNDK) closed at $885.01 on November 13, down 5.59%, with a market cap of about $125.9 billion. It is up about 273% this year, but has fallen more than 60% from its June peak.
Stock price trends
· Over the past month: It fell from above $1,500 to around $800, down about 42% in total.
· November 5: Fell 22.26% in a single day, closing at $806.43.
· November 11: Rebounded 13.69%, briefly climbing back above $1,000.
· November 13: Fell another 5.59%, with trading value exceeding $10.7 billion.
Why the stock is falling despite strong results
· Data centers are growing: First-quarter revenue was $11.03B, up 23% quarter over quarter; data center revenue rose 61% quarter over quarter.
· Consumer is weakening: Revenue from storage products used in phones and computers fell 29% quarter over quarter.
· Prices have peaked: The company said retail and spot prices for solid-state drives have already started falling, while enterprise products are still rising.
· The market is pricing in expectations early: A P/E ratio of only about 7x indicates that high profit expectations are already priced into the stock.
What to watch next
· Stock split: An 8-for-1 split will take effect after the close on November 19, with trading at the new price starting on the 20th. The split does not change the company's value.
· Support: Around $800 before the split, equivalent to $100 after the split.
· Resistance: $1,000 before the split, equivalent to $125 after the split.
SanDisk's fundamentals have not deteriorated, and AI demand for storage remains strong. The main risks right now are slowing NAND price increases and market concerns that the cycle has already peaked.$SNDK