Crypto traders are optimistic about Bitcoin's potential to surpass the $116,000 resistance level, with key price targets set between $116,000 and $118,000. While some traders expect a direct rise to $120,000, others predict a pullback to $111,000-$113,000 before reaching new highs. In community discussions, a whale's trading strategy, which yielded $30 million in profits this month through a high-risk averaging strategy, has sparked interest. However, replicating this approach is challenging for average traders. Many are considering options trading to follow the whale's direction, using out-of-the-money options to minimize risk. Debates also focus on intraday trading, with experienced traders warning against it, citing past system failures during market events. Additionally, discussions on options hedging strategies highlight the risks of buying long-term options during term structure backwardation, suggesting same-term options as a safer hedge.