Combining the virtual currency market news and market data from November 22, the virtual currency market is likely to continue its weak oscillation in the short term. Bitcoin, as the barometer, is the core of the trend, while niche currencies like Pi coin find it difficult to change the market's downturn. Overall risk is at a maximum, with specific predictions as follows:

1. Bitcoin: Short-term weakness is hard to change, with $80,000 as the critical line: From a technical perspective, Bitcoin has fallen below the key long-term MVRV average band and the bull-bear dividing line of the 365-day moving average. On November 22, it was still struggling at around $80,000, with the next downward target pointing directly to $75,000. In the options market, traders are clustering around put options with strike prices ranging from $80,000 to $90,000, coupled with the fear and greed index dropping to a low level, leading to heightened bearish sentiment. However, there are also optimistic voices, such as “crypto bull” Tom Lee, who claims that the current deleveraging cycle has already lasted six weeks and is likely to end after another two weeks of adjustment. In the short term, it is highly probable that it will oscillate in the $80,000 - $88,000 range. If it breaks below the $80,000 support level, it may quickly test $74,000 - $75,000; if it stabilizes, it could trigger a technical rebound towards $85,000 - $89,000.

2. Other mainstream currencies: Following Bitcoin's drop, it is difficult to have an independent market: Mainstream currencies like Ethereum have also entered a plummeting mode alongside Bitcoin, with a drop of over 10% within 24 hours. Currently, market funds are focused on Bitcoin's trend, and the overall environment is characterized by deleveraging and capital withdrawals, leaving these currencies lacking the funds and emotional support for an independent rise. In the short term, it is highly probable that they will continue to follow Bitcoin's downward trend, with synchronized fluctuations, making it difficult to see a counter-trend rebound.

Additionally, expectations for interest rate cuts by the Federal Reserve are cooling, and the continued capital outflow from virtual currency ETFs, along with other macro and market factors, are continuously putting pressure on the entire virtual currency market. In the short term, the market remains in a high-risk zone, with volatility likely to further escalate. $BTC $ETH #比特币预测