Daily Briefing of the Chinese Community #Daily Report

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Release Date: 2025-11-26

Overall market sentiment
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The market is overall in a sideways consolidation state, with traders divided on the short-term direction. BTC and ETH are oscillating near key price levels, with some traders choosing to wait for a clearer direction, while others believe the bottom is rising and a breakout is imminent, whereas the bears think ETH could drop to $2500. The net inflow of BlackRock's BTC ETF is seen as a potential signal for a bottom.

Hot topics
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• ETH trends become the focus: Tom Lee predicts a potential drop to $2500 in the short term, but expects it to rise to $7000-9000 by January next year; Yi Lihua points out that ETH is facing massive short selling from multiple platforms and institutions, and may see a short squeeze after November.
• Difficulty in trend recognition sparks discussion: Traders point out the significant differences in trend judgment across different time frames. The monthly, weekly, and daily charts show a bearish trend, but confirmation can only occur after a reversal in the smaller time frames. It is emphasized that options should be used to buy insurance to hedge against risks.
• Timing for switching between double buy and double sell components becomes a key strategy: In a sideways market, it is recommended to adjust delta neutral positions, transitioning through theta decay, and wait for clear direction before chasing; consider a double sell strategy if selling pressure is not significant.