http://Greeks.Live Chinese Community Daily Brief ===== Release Date: 2025-08-20 Overall Market Sentiment ===== The group is generally bearish on short-term trends, with most traders focusing on the 110K-108K support range, believing it might test this low. There’s disagreement on whether we’ve entered a bear market, with some members suggesting that continued declines next Monday would confirm the start of a bear market. Hot Topics ===== • Several traders are using OTM Put strategies for downside protection. The current Put Skew is as high as 5 points, which is seen as a good opportunity to sell Puts. • Mid-September to October is viewed as a potential rebound window. It’s recommended to watch for opportunities to position in October Call options, as expected rate cuts could bring a market turnaround. • Technical analysis shows BTC’s weekly MACD is at risk of a bearish crossover, similar to the market conditions in December last year. The adjustment period is estimated to last about a month.