On November 14, news came that trader Eugene Ng Ah Sio posted on his personal channel, stating that Bitcoin has fallen below 100,000 for two main reasons. First, the current cycle's long positions maintained the last line of defense for the bull run structure, and now the 50-week moving average trend has officially been broken, which is the first occurrence since 2022. Second, 100,000 is a very strong psychological level, which has previously held up 3 to 4 times, but has finally been broken this time. It will become a new resistance level for the upcoming pump. Therefore, Eugene mentioned that he will not buy the dip at the moment and will consider 90,000 as the next range worth following.