Greeks.live: The market sentiment is leaning towards cautious neutrality, and the ETH/BTC exchange rate may continue to decline
Odaily Planet Daily reports that Greeks.live macro researcher Adam has released a Chinese community brief, which points out that the market sentiment is cautiously neutral. Most traders believe Bitcoin is in a consolidation phase and needs to break through to determine its direction. Some traders are bullish on Bitcoin in the short term but hold pessimistic views about ETH, believing that the ETH-to-BTC exchange rate will continue to decline. Traders are hotly discussing weekend options strategies, especially selling at-the-money straddles expiring on Sunday after Friday's delivery. Backtesting data shows this strategy has stable returns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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