Bitcoin dropped to a low of 80,600 last week and surged to over 90,000 last night, marking a total increase of over 14% in just a few days. Ethereum also reached a high of over 3,090 yesterday, rising from a low of 2,600 last week, which is an increase of 18%. Given this structure, can we still chase the upward trend?

We will analyze whether we can chase the upward trend or short based on today's Bitcoin and Ethereum situation.

It is now November 29, 2025. My personal view is that the top two cryptocurrencies have increased by over 14% in just a week.

This has formed a relatively deep V-shaped reversal, and from this structure, we can see whether this is indeed a V-shaped reversal.

In my opinion, we are already at a risk line. Any further increase is just to break through a resistance point; it does not need to pull back.

Is a second pullback not necessary? Is there no need to build energy? Can it go up directly? Therefore, in my view, we must remain calm at this point.

From this position, which is the high point, it reached this secondary high last night, forming a very perfect V-shaped reversal.

After the V-shaped reversal, we need to wait for it to make an N-shaped pullback. For Ethereum, there is a high probability that it will pull back to at least 2,900.

So, returning to the previous low around 2,800, the range of 2,800 to 2,900 is still visible. 90% of the time in investing is spent patiently waiting, and only 10% is the actual operation time. If we operate blindly, it will lead to our assets not only failing to appreciate but also depreciating.

The same goes for Bitcoin; it also reached this peak yesterday, forming a very obvious V reversal.

If we chase the upward trend at this time, wouldn't that make us cannon fodder? Currently, the trading is dominated by large institutions, with small institutions and retail investors suffering. If institutions push the price up again, it will help those who are trapped above to break free.

The market makers are not foolish; a sudden drop is unlikely in the short term. It can only remain stagnant.

If it drops, wouldn't that free the trapped short positions? So it will likely move sideways, looking for a better opportunity for the market makers to profit.

Clearly, from the current structure, today is Saturday, which means it will move sideways, exhausting both long and short positions before making a decision.

Now, if Bitcoin makes a long position, it could return to around 88,000, which is the midpoint of this bullish candle. If it goes lower, around 85,000 to 86,000 is still possible.

In this range, we look for fluctuations in the middle, while maintaining a bearish outlook in the long term. This range has already reached the top of the box and is now at the midpoint.

Is it relatively safer for us to go long? If it doesn't drop, we can short at high points.

For Bitcoin, positions at 93,000, 94,000, and 96,000 are still valid. If it doesn't drop and goes up directly, the long-term view is bearish, and shorting at high points is perfectly fine.

For Ethereum, around the previous high of 3,079, the second position at 3,089, and the third position at 3,103 are the prices for market makers to offload. The important resistance is at 3,110. If we build positions in batches, we can lower the average price and take profits in batches.

For more strategies, follow the public account BTC-ETH Crypto.

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