Greeks.live: Bitcoin traders prepare for a “dull summer”
4 hours ago
Odaily News Greeks.live published an English community newsletter, which stated: The group mainly maintains a bearish view, and traders are preparing for a "dreary summer" as the hash band crosses downward and the monthly RSI signals weakness. Traders are watching the $105,000 price level for Bitcoin. An experienced trader is implementing a July expiration put/call spread with execution prices of $107,000/$102,000 and $103,000/$105,000, which they believe is a cost-effective way to deal with the expected summer consolidation.
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