Adam@Greeks.live
Adam@Greeks.live|Apr 02, 2025 09:00
http://Greeks.Live Daily English Community Briefing ===== Release date: 2025-04-02 Overall market sentiment ===== The group members generally hold a bearish view and expect the market to continue to fluctuate, believing that "there may be a sharp drop today". Traders closely monitor the 85-87k range as a key resistance area, as well as the 4-hour and daily 200 moving averages as important technical levels below Bitcoin's current exchange position. Fluctuating Market - Option Selling Strategy ===== Traders are preparing for more declines and another 4 years of volatility, with many selling call options, especially at the strike levels of 87k and 90/94k that expire on April 4th Multiple traders have reported selling put options to capitalize on market volatility, maintaining a slightly positive delta value but maintaining a short-term low volatility perspective Market participants discussed the impact of GME deployment ($140 million) and other large Bitcoin holders (Saylor 22000, Tether 8000), but the consensus was that these factors did not significantly drive the market Doubtful about the upward trend, a trader pointed out that no one is ready to believe in a bull market anymore and the goal of market makers has been achieved
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