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Yesterday’s strategy continued to steadily take profits as usual: shorted Bitcoin around 85000 and ETH at 2700, both of which paid off. Unfortunately, the long around 2620 missed by a few points, with the low reaching only 2625. No harm done—the key levels still provided opportunities. The market also continued to fluctuate until 4 p.m., just as predicted in yesterday’s livestream. At 4 p.m., $15 billion in Q3 Bitcoin options and $2.1 billion in ETH options expired. The market tacitly waited for the options to settle safely before choosing a direction. Patiently wait for the next new directional signal. With the market rising sharply in Q3, those shorting options may buy Bitcoin and ETH spot or futures long positions to hedge their losses. After expiry, these funds may choose to sell, putting short-term pressure on the market. They may also continue buying new October options. Existing spot long positions held for hedging will not be closed, so there will be no major selling pressure. Just wait for a new direction to emerge tonight$BTC
btc
BTCUSDT
Perp
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+0.26%
‌$ETH
eth
ETHUSDT
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-0.11%
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BTCBTC+0.26%
ETHETH-0.11%


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WalkingThePathToSuddenWealth
2 days ago
Supporting from the front row 🙌
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EthFixedCollateral
2 days ago
Support for 🙌 in the front row.
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LoneWolf
2 days ago
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Learned a new approach! 💡
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LoneWolf
2 days ago
AuthorFirst Review
Showing support from the front row 🙌
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