November 27, 2025

The market is gradually stabilizing, and this rebound is not the type that rushes up; it is a steady and gradual climb. As a result, the probability of further declines in the near term will become very small. Therefore, currently stabilizing around 90,000 is a very good signal. A couple of days ago, I took a 10% position to buy the dip, mainly considering that the sentiment was severely oversold, combined with the recent stabilization and rebound of the U.S. stock market, and last week's prices increasingly resembled the recent lows.
Another relatively good signal is that altcoins have started to behave differently. Previously, when the market was crazy, new coins mostly opened high and dropped low. In the past two months, it has changed to opening low and dropping low, but recently there seems to be a trend of opening low and rising high, with MON being the most typical example. I want to clarify that I'm not suggesting everyone play with altcoins, but rather that through the performance of altcoins, we can observe some conditions in the overall market.
Of course, the market's reversal upwards will not happen overnight; this is the view I have maintained recently. Therefore, for the next one to two months, I will continue to adopt a conservative strategy. I have already sold half of the coins I bought at the bottom last week. If this wave of Bitcoin can return to 95,000, I will sell all the coins I bought at the bottom and continue to hold more than 50% of my cash on hand. However, looking at this trend, the possibility of continuing to rebound in the short term is quite high, as it is a steady and stable trend.
Finally, let's talk about something off-topic. I wonder if everyone has noticed the massive fire in Hong Kong yesterday? It is currently confirmed to be one of the largest in decades, with over 40 confirmed dead and more than 200 missing. Given the severity of the fire, the outlook is grim. Although the building density in Hong Kong is high,