TechFlow news, July 8: Greeks.live released a Chinese bulletin stating that Bitcoin's price continues to fluctuate within the 105k-110k range, with market sentiment generally anxious. Traders are closely watching the critical support level at 107k, believing a break below will turn sentiment bearish. In this low-volatility environment, option selling strategies dominate, with most traders adopting short straddles or grid strategies to collect premiums.
Low forward volatility has led to widespread unrealized losses on calendar spread positions, and the market hopes for a breakout above 115k followed by a pullback to 85k to drive volatility higher. For Ethereum, if BTC reaches a new high, ETH may test the $2800–3000 range; if BTC falls below $100,000, ETH could retreat toward $1800.
Despite tense geopolitical conditions, the crypto market has shown overall resilience, although some traders turned bearish following Trump's tariff announcement. Community sentiment is clearly divided, with significant disagreement between bulls and bears regarding future market direction.
