http://Greeks.Live Community Daily Digest Published: 2025-04-08 Overall Market Sentiment The group is predominantly bearish with most members expecting BTC to continue declining toward the 65-67K range. Key levels being watched include 75K as important resistance, with traders debating whether the market has found a local bottom or if significant downside remains due to Trump's tariff policies and geopolitical tensions. Short Calls Dominate Trading Strategies • Most active traders are selling calls at various strike prices including 81-86K EOW, with many traders unwilling to fight the current downtrend • Market viewed as likely to experience a slow bleed with opportunities for short-term bounces before continuing lower • Rolling VWAP indicators (particularly 365-day) highlighted by some as potential areas for temporary support • Several traders mentioned potential yuan devaluation and China concerns as additional bearish catalysts • Options traders noting that put prices increasing even during small price rebounds, suggesting market makers anticipate further downside