Bitcoin's Market Sentiment Remains Cautiously Neutral

According to Odaily, Adam, a macro researcher at Greeks.live, shared insights in a Chinese community briefing, highlighting that market sentiment is cautiously neutral. Most traders believe Bitcoin is in a consolidation phase and requires a breakout to determine its direction. While some traders are optimistic about Bitcoin in the short term, they hold a pessimistic view on Ethereum, expecting the ETH/BTC exchange rate to continue its downward trend. Discussions among traders have focused on weekend options strategies, particularly the straddle strategy of selling at-the-money options expiring on Sunday after Friday's expiration. Backtesting indicates that this strategy offers stable returns.