http://Greeks.Live Community Daily Digest Published: 2025-05-12 Overall Market Sentiment The group is predominantly bullish with most traders positioning for upside while acknowledging potential volatility and pullbacks. Key price levels being watched include 106 for calls and 96-98 for puts with traders expecting BTC to continue its uptrend following the US-China tariff reduction news. Market Impact of US-China Trade Deal - Cautious Optimism • The US and China have agreed to reduce tariffs (US cutting from 145% to 30% and China from 125% to 10%**) for a **90-day period • Traders are positioning with long calls and some protective puts, indicating bullish bias with caution about near-term volatility • Consensus view is that market was ready for upside, with some seeing this as a potential trigger for overleveraged positions to build up • Some traders are hedging their bullish positions by selling call spreads and buying puts for EOM as "safety measures" • General agreement to focus on BTC rather than altcoins, which are seen as riskier with one trader noting "the rest is ded"