Greeks.live: Bitcoin Traders Brace for a "Dull Summer"
Odaily Planet Daily reported that Greeks.live has released an English community briefing, highlighting that the majority of the group maintains a bearish outlook. Traders are preparing for a "dull summer," as the hash ribbon has crossed downward and the monthly RSI signal indicates weakness. Traders are closely watching the $105,000 price level for Bitcoin. Experienced traders are implementing July expiry put/call spread strategies with strike prices at $107,000/$102,000 and $103,000/$105,000, considering this a cost-effective way to navigate the anticipated summer consolidation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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