http://Greeks.Live Community Daily Digest Published: 2025-03-05 Overall Market Sentiment The group is predominantly bearish with traders anticipating further downside while experiencing frustration with extreme chop and volatility. Most traders are watching the 87-89k range as key resistance, with 82k noted as a recent bottom, though there is significant disagreement on whether a sustainable bottom has been found. Wild Volatility Trading - Extreme Chop Environment • Market experiencing extreme price swings with Bitcoin moving 6k in a day, creating what traders describe as "scam both ways" price action • Several traders are selling calls at 89-90k range as a preferred strategy in this environment, with one trader reporting they're at -260% on calls bought at lower levels • Traders note that put skew remains pronounced, suggesting market expectations continue to favor downside despite brief pumps • Some members believe we're in a liquidity game phase where entering and exiting quickly is essential, with one trader suggesting the market needs "a new cohort of buyers" • Trump tariff announcements (and subsequent reversals) are contributing to market confusion, with many traders sitting out due to unpredictable price action