According to Mars Finance news, Greeks.live released an English community brief, which pointed out: the group mainly maintains a bearish outlook, with traders preparing for a "dull summer" as the hash crosses downward and the monthly RSI signals weakness. Traders are focusing on the price level of Bitcoin at $105,000. Experienced traders are implementing bearish/bullish spread trades that expire in July, with strike prices of $107,000/$102,000 and $103,000/$105,000, believing it is an economically efficient way to cope with the expected summer consolidation.
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Greeks.live: Bitcoin traders are preparing for a "dull summer".
According to Mars Finance news, Greeks.live released an English community brief, which pointed out: the group mainly maintains a bearish outlook, with traders preparing for a "dull summer" as the hash crosses downward and the monthly RSI signals weakness. Traders are focusing on the price level of Bitcoin at $105,000. Experienced traders are implementing bearish/bullish spread trades that expire in July, with strike prices of $107,000/$102,000 and $103,000/$105,000, believing it is an economically efficient way to cope with the expected summer consolidation.