Crypto traders are divided on market direction, with some cautiously optimistic about Bitcoin's potential V-shaped recovery and new highs, while others fear a false breakout. Ethereum traders see $1,800 as a key downside target if it fails to break out after eight weeks of consolidation. Volatility trading strategies are a hot topic, with discussions on calendar spreads and straddle combinations. Traders note Ethereum's implied volatility is higher than Bitcoin's, making it suitable for razor strategies. Demand for DVOL index trading is rising, with calls for exchanges to offer options on options for pure volatility-neutral trades. Technical analysis indicates Bitcoin's strong upward momentum, with significant short positions potentially triggering a sharp rally.