http://Greeks.Live Chinese Community Daily Briefing Daily Report ===== Release Date: 2025-12-04 Overall Market Sentiment ===== The group sentiment is cautiously bullish, with ETH outperforming BTC becoming the focus of discussions. Traders are closely watching the critical support level at ETH 3200, where stop-loss triggers led to a brief market rebound. The group is highly attentive to macro changes like the rapid appreciation of the RMB breaking 7.06 and the USD falling below the 50-day moving average. Many believe the "bad news is good news" logic is making a comeback, but the rapid depreciation of USDT has sparked concerns among some traders about cashing out. Hot Topics ===== • The Covered Call strategy continues to gain popularity, with several traders choosing to sell Calls again after ETH touched 3200 and rebounded, reflecting expectations of short-term volatility decline and sideways consolidation. • The reflexivity effect of the "No Limits Indicator" has become a hot topic, with traders suggesting that if this signal itself becomes a cue to stop volatility and forms a closed loop, it would validate the existence of reflexivity in the market. • ETH Fusaka upgrade has been completed, but the market reaction remains muted. The narrative failure highlights how technical upgrades struggle to drive prices in the current bear market, serving only as a cherry on top during bull markets rather than a lifeline in tough times.