TechFlow news, June 12 — Greeks.Live released a market briefing: Bitcoin's current price is hovering around $110,500, having failed to break through this resistance level for three consecutive times, indicating technical weakness. Market sentiment is clearly divided, with bearish confidence strengthening while bulls still hold onto their $145,000 target. Bearish traders are actively buying put options at $102,000 expiring by the end of this month, believing the current 40% volatility offers an excellent risk-reward ratio, expecting the price to drop to $105,000 in the short term and ultimately targeting $90,000. Notably, bears are primarily using collar strategies and put option spreads as hedging tools rather than direct shorting, reflecting a cautious stance toward the market.
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