
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
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink