English Community Daily Briefing #daily
===== Published: 2025-11-24
Overall Market Sentiment
===== The community is showing a clear bearish sentiment regarding the current weekend rally, with widespread distrust of the low-liquidity rebound during the US holiday. Most traders are focusing on 60k as a potential bottom buying level and 88k as a weekly closing resistance level, while expecting a pullback to around the CME closing price of 85k.
Weekend Rally Skepticism - Bearish Positions
=====
• Traders have opened short positions and bought weekend put options based on statistical probability, believing that the bottom has not yet been reached despite the current rebound.
• Strong skepticism about the illiquid weekend rally, with plans to sell more call options on Tuesday after observing Monday's price action.
• Numerous market participants have claimed they will buy at 60k, which is seen as a warning sign of rumors, suggesting these traders are in a loss-making position, spreading a "bottom has been reached" narrative, and actually lack the funds to deploy capital.