[Trading Plan|Trade Plan]

Key points of the secondary market on November 27, 2025:
The pull is strong, Ethereum is slightly stronger than Bitcoin with new longs entering, but both are still corrections and rebounds after a decline, squeezing out shorts rather than building longs. They have both hit the upper edge of yesterday's ascending channel, which belongs to the mid-to-late stages of the rebound. The short cycle has not yet formed a top pattern; if the US market continues to rise tonight, the rebound can continue to short.
In summary, the current rise is not a trend bullish. If the upward movement continues without high quality, once it weakens, it will decline smoothly. Therefore, shorting in batches to look for downward correction space is more cost-effective. The quality of the current rebound is not enough to support my judgment of being bullish in the medium term; it feels more like a phase repair within a downward cycle.
The specific trading plan is to continue holding a short position at 91500. If there is a rebound to 92500 during the US trading session tonight, I will add to the short position, with a stop loss set above 93800.
I will first go long near 3000 on Ethereum during the day, and switch to short on Bitcoin when I see it around 3100-3200.
The trading principle is to hold a light position with relatively strong assets, waiting to short the mid-term downtrend of Bitcoin.
The above is a record of the key points of my trading plan for today, reminding myself to strictly trade according to the plan.
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