http://Greeks.Live Community Daily Digest Published: 2025-04-11 Overall Market Sentiment The group appears predominantly bearish in the medium-term despite today's upward price action, with most traders expecting continued choppy conditions following recent market volatility. Key price levels being watched include $79k support, 83.3k resistance, and $85k as a potential rotation target if current momentum continues. Trump Tariffs Triggering Market Turbulence • Market experiencing significant volatility with a 6k price movement and DVOL at 53 with minimal fundamental news • Many traders selling puts with partial delta hedging (around 30% hedge ratio ) to capture premium while maintaining some protection • Traders noting that position management is critical in current conditions with most taking profits at 70%+ gains given rapid reversals • Options traders focusing on high skew for put selling opportunities while being cautious of holding positions over the weekend • Some contrarian views that BTC could act as a "risk-off" asset amid escalating US-China tariff tensions (now increased to 125% )