[Analysis: Bitcoin Bull-Bear Watershed Approaching, Stablecoin Market Share Indicates Short-Term Upward Pressure Remains] BlockBeats news, November 26, Delphi market analysts have analyzed the current bullish and bearish structure forming for Bitcoin: · In the bullish scenario, the current trend is seen as an ABC corrective pullback, which needs to fully complete and break above $103,500 to be confirmed. · In the bearish scenario, if the current rebound forms a lower high below $103,500, it will trigger the next wave of decline to complete a full 5-wave impulse down structure, after which a larger and more sustained rebound trend may emerge. Stablecoin indicators are also worth noting. USDT market share is breaking through a long-term downward trend, while its supply is contracting on the weekly chart. This is typically not an ideal backdrop for a sustained upward trend to arrive.