In the Bitcoin market, caution meets optimism short-term amid active price and leverage. Imminent ETF approval seems likely with Binance's SEC development. A changing global order and US-China tensions underscore the need for a neutral currency. An unusual recession looms, possibly favoring Bitcoin.
Overview • In the short-term, our outlook on the market remains neutral, with $40K-42K as our bullish target, and $32K as the bearish one. • Utilizing options presents an effective strategy to maintain exposure to significant events, like an ETF approval, without overly committing to a Bitcoin market that appears somewhat overbought.