Bitcoin took a sharp turn and put protection worked
1. Closing price on August 24: about $115,360; 2. August 25: sharply fell by about −2.97%, closing at $110,130 per day; 3. August 26: The pullback continued, falling to around $110,030. 4. The technical side is red light - BTC fell below the 100-day moving average, and the technical bearish signal has increased significantly, but the trading volume near 110k has been significantly enlarged, so you need to pay attention to trend changes. 5. Build an option put spread (Bear Put Spread): Sell $108K Put (put option) / buy $105K Put (put) to lock in the uptrend and hedge the downside risk. #Gate Square Qixi Celebration##Commerce Dept. Goes On-Chain##Google Cloud Unveils L1 chain GCUL#
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Bitcoin took a sharp turn and put protection worked
1. Closing price on August 24: about $115,360;
2. August 25: sharply fell by about −2.97%, closing at $110,130 per day;
3. August 26: The pullback continued, falling to around $110,030.
4. The technical side is red light - BTC fell below the 100-day moving average, and the technical bearish signal has increased significantly, but the trading volume near 110k has been significantly enlarged, so you need to pay attention to trend changes.
5. Build an option put spread (Bear Put Spread): Sell $108K Put (put option) / buy $105K Put (put) to lock in the uptrend and hedge the downside risk.
#Gate Square Qixi Celebration# #Commerce Dept. Goes On-Chain# #Google Cloud Unveils L1 chain GCUL#