Daily Briefing of the Chinese Community #Daily Report

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Release Date: 2025-11-12

Overall market sentiment
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The group has a significant divergence regarding the market direction. Some traders are worried that the crypto market is entering a bear market and question the abnormal phenomenon of Bitcoin's price still plummeting despite a net inflow of 5,000 ETFs. However, other members believe that 96,000-98,000 might be the bottom for this year, and the rising bottom of altcoins releases a positive signal. The key divergence lies in whether the current position is a top or a bottom. Some traders point out that "going down means a bear market," but various signals indicate "it's hard to believe this is the top," making it worth betting but with a good stop-loss set.

Hot Topic
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• Challenges for Option Buyers: Several experienced traders have reached a consensus that the double buying strategy is too costly at any time, and buyers must be very selective with their timing, as the long-term expectation favors the sellers.
• The seller's strategy is relatively comfortable but requires control over greed. Some traders have reported that they have been wrong in their directional judgment 7 out of 10 times in the past two months, completely giving up on directional trading.
• In response to being in a losing position, it is suggested to recover losses by selling Calls or to use a +106000c -108000c spread combination to cope with market uncertainty.