TechFlow news, August 20 — According to the Greeks.Live Chinese community bulletin, current market sentiment is generally bearish, with most traders focusing on Bitcoin's support range between $110,000 and $108,000. Technically, BTC weekly MACD faces a potential death cross, resembling the market pattern in December 2024, suggesting a correction period of about one month. In the options market, Put Skew has reached as high as 5 points, considered an ideal opportunity to sell puts, with multiple traders already adopting OTM Put strategies for downside protection. Analysts recommend paying attention to a potential rebound window from mid-September to October, and positioning for October call options, anticipating that rate cut policies may trigger a market turnaround.
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