[10.18 Ice and Fire Island Strategy: Bitcoin faces great resistance to break through, Ethereum retreats weakly, SOL is the right choice for option traders]
It is another day full of expectations but continued disappointment. Bitcoin did not break through successfully. Just as Trump is leading in the polls, but the election is still suspenseful. No one can predict the huge fluctuations in the market, we can only wait quietly.
If Trump wins, Bitcoin 100,000 is no longer a dream, and volatility will naturally rise. If Harris wins, there is a high probability of a correction. Therefore, the options on November 8 will be the most volatile, and its FV is indeed high at present.
The long-term wide fluctuations have exhausted patience, but the sellers have made a lot of money in this fluctuation.
Yesterday, the United States released September retail sales data, which exceeded expectations and increased by 0.4 month-on-month. The number of first-time unemployment claims last week was 241,000, lower than expected. The market has lowered its bet on the Fed's interest rate cut this year. Both the stock market and the currency circle may face a pullback.
Therefore, it is recommended that sellers continue to reduce their positions in the coming time to pocket the profits and avoid sudden huge retracements that erode profits.
Looking at the data in the currency circle, Bitcoin ETF has a net inflow of 473 million, and Ethereum ETF has a net inflow of 24.3 million. The data boosted confidence. In terms of volatility, both Bitcoin and Ethereum have begun to reduce volatility and returned to the rhythm of shocks. In addition, Sol is the real prince, and the volatility reduction income is far better than that of big cakes and concubines, and the double selling income is considerable.
Everyone is sure that big fluctuations will inevitably come, but no one can accurately predict the time. Maybe when volatility hits the bottom and rebounds, it is the time for the big crash.
Buyers can ambush in advance and use double buying to chase gamma riots.
Sellers can use the extension to exchange time for space, and use a double selling or iron eagle strategy outside of one standard deviation after June next year to lock in risks and earn profits.
In short, before November 5, don't bet on narrow double selling.
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