Greeks.live: Traders Expect BTC Price to Continue Volatility, Possible Return to $80,000-82,000 Levels

Greeks.live released a community briefing indicating that the community mainly holds a bearish to neutral stance. Traders expect Bitcoin prices to continue their volatility, possibly returning to the $80,000 to $82,000 levels. Although some optimistic bulls anticipate a rise to $90,000, most traders remain cautious and lack confidence in the market's direction, turning their focus to volatility trends and option ratios. Powell's comments have exerted downward pressure as the expectation for a 100 basis point rate cut this year has been reduced, leading to increased correlation between cryptocurrencies and traditional markets.