First of all, from a broader perspective, according to the latest market analysis, we are in a 'consolidation rebound' phase, and Q1 will truly determine the long-term trend. However, regarding Q4, there is a very clear signal: a significant bottom has already formed!

Hardcore evidence of bottom support:

We believe that the range of $80,000 to $85,000 is at least a very solid support level for one month. Why do we say this?

1. Explosive volume: When Bitcoin's price previously fell to around 80,000, we saw the largest daily trading volume in history for IBIT (ETF), which strongly supported the judgment of a 'falling pointer.'

2. Whale action: The stock price of MicroStrategy (MSTR) has also seen huge volume recently.

3. Options delivery guidance: The entire Q4 quarter faces a huge options delivery scale, and the options open interest shows that the range of 80,000 to 85,000 has formed a support guide. Especially in December, there is a huge column at the 85,000 USD position with an open interest of 250,000; the scale of delivery for this quarter and even annually must be respected.

Based on these clues, the downward trend near 80,000 has already confirmed the formation of a downward trend.

Q4's operation range and strategy: Selling high and buying low is the way to go!

Since the bottom is confirmed and the time for adjustment in the short term will not be too short, our strategy is very clear: operate around selling high and buying low.

1. Range definition: The upper limit pressure point is around 100,000 USD. If the price goes up, it will at most just slightly exceed 100,000, making it difficult to return above 110,000. Therefore, we will be operating within the range of 80,000 to 100,000.

2. Trading skills—left-side entry: In a fluctuating market with 10% or more volatility, decisively engage in left-side trading. If you are still waiting for the right-side signal to enter, it will be too late.

◦ Futures/contract strategy: The closer you are to the support level below, the more you should go long. If you have short positions above, the lower the price goes, the more you should close your position. Conversely, if the price goes up, you can gradually open short positions and gradually close long positions. Remember, the oscillation in the first few segments is the easiest to trade, allowing you to seize three to four opportunities for selling high and buying low.

◦ Options strategy: The simplest and most effective, especially under a bullish background, is the low-buy strategy—collecting premiums by selling Put (put options). If the price is below the strike price, we buy the spot; if above the strike price, we directly collect the premium. Additionally, we can do a double sell combination (selling both Call and Put), as the price is very likely to move within this range.

Short-term vs. long-term thinking:

Currently, this short-term strategy of selling high and buying low is expected to last until around December 26; after that, the new quarter (Q1) will arrive. All our trades rely on analysis within the quarter, and predictions outside the quarter (like a rise after six months) can only be regarded as expectations, which have little impact on short-term trading.

But brothers, while we engage in short-term trading, we cannot lose sight of the long-term perspective!

The most important trade is always bottom fishing. Short-term oscillation trading is to earn volatility profits, but in the long run, we must have the concept of regular investment in spot and cost control. Long-term success comes from increasing the quantity of spot, allowing wealth to accumulate.

Therefore, in Q4, our goal is clear: seize the oscillation opportunities between 80,000 and 100,000, do well in selling high and buying low, and prepare for the long-term trend in Q1!