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Greeks.live: Bitcoin Traders Prepare for 'Dull Summer'
Summary: According to reports from Greeks.live, traders are gearing up for a 'dull summer' as the majority maintain a bearish outlook. This is due to hash ribbons crossing downwards and monthly RSI signals showing weakness. Traders are eyeing the $105,000 price level for Bitcoin. Experienced traders are implementing bearish/bullish spread trades expiring in July, with execution ...
According to reports from Greeks.live, traders are gearing up for a 'dull summer' as the majority maintain a bearish outlook. This is due to hash ribbons crossing downwards and monthly RSI signals showing weakness. Traders are eyeing the $105,000 price level for Bitcoin. Experienced traders are implementing bearish/bullish spread trades expiring in July, with execution prices set at $107,000/$102,000 and $103,000/$105,000 respectively, as they believe this is an economically efficient way to deal with the expected summer consolidation.
