The cryptocurrency community is divided on Bitcoin's market direction, with some traders predicting a continuation of the downtrend, potentially dropping to $100,000 or even $90,000. Others see the current price as a buying opportunity, considering it a bargain. The $110,000 level is widely viewed as a critical support, with a low probability of breaching it. Options trading strategies are a hot topic, with many traders advocating for a double-sell end-date options grid strategy in the $110,000 to $117,000 range, deemed relatively safe. Additionally, the delay in tariff policies is under scrutiny, as traders believe the U.S. will wait for interest rate cuts before engaging in a tariff war with China, suggesting a wide market fluctuation until year-end. Bitcoin's implied volatility (IV) remains low, drawing attention from traders who advise against naked shorting IV. In contrast, Ethereum's higher IV is considered more suitable for seller strategies.