Greeks.live
Greeks.live|Apr 02, 2025 12:22
http://Greeks.Live Community Daily Digest Published: 2025-04-02 Overall Market Sentiment The group is predominantly bearish, expecting continued choppy price action with a possible "nuke coming today". Traders are closely watching the 85-87k range as a key resistance zone and the 4H and daily 200 EMA as critical technical levels that BTC is trading below. Choppy Market - Option Selling Strategy • Traders are positioning for more blood and 4 more years of chop with many selling calls, particularly at the 87k and 90/94k levels for April 4th expiry • Several traders report selling puts as well to capitalize on the chop, maintaining a slightly positive delta but keeping a short term low volatility view • Market participants discuss GME deployment impact ( 1.4 billion ) and other large bitcoin holders (Saylor 22k, Tether 8k ), but consensus is this hasn't moved the market significantly • There's skepticism about upward movement with one trader noting nobody ready to bullieve anymore and market maker motive achieved
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