Greeks.Live: BTC 107,000 is seen as a key support level, and a break below it may trigger bearish sentiment

On July 9th, according to the latest briefing from the Greeks.Live Chinese community, Bitcoin continues to fluctuate in the 105k-110k range, and there is disagreement on the market direction. 107k is regarded as a key support level, and breaking below it may trigger pessimistic sentiment. At the same time, some traders are optimistic about $ETH's strong performance and breakthrough opportunities. It is worth noting that implied volatility (IV) is at a historical low, causing concern among traders. In this market environment, professionals recommend three major options strategies: selling put spreads is the preferred choice due to its antifragile characteristics; bull spread strategies are advised to roll up to at-the-money when rising to maintain consistency; butterfly strategies are suitable for deployment when the volatility smile curve is flat. The market generally expects to generate more trading opportunities through new high fake breakouts. [Deep Tide TechFlow]