The crypto community is experiencing a significant divide over market direction, with some traders expressing concerns about a potential bear market despite a net inflow of 5,000 Bitcoin into ETFs. While some believe the price drop is unusual, others suggest that the 96,000-98,000 range could represent the year's bottom, with altcoins showing positive signals by raising their support levels. The debate centers on whether the current position is a peak or a trough, with some traders cautioning that a further decline could confirm a bear market, while others argue that signals suggest it is not the top.
In options trading, buyers face challenges as seasoned traders agree that the cost of double-buy strategies is consistently high, necessitating precise timing. Sellers find their strategies more comfortable but must manage greed, with some traders abandoning directional trading after frequent misjudgments. To address being trapped in positions, strategies such as selling calls or using a +106,000c -108,000c spread are recommended to navigate market uncertainties.
Crypto Community Divided on Market Direction Amid Bitcoin ETF Inflows
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
