http:/Greeks.Live English Community Daily Briefing #daily ===== Published: 2025-12-23 Overall Market Sentiment ===== As BTC continued to decline during the US trading session, the market sentiment was clearly bearish, with traders expressing disappointment with the market weakness. Key price levels include 86k, a key support level that has been repeatedly tested over the past 5 weeks, and 93k and 88k are important reference points for short-term trading strategies. Options Trading Under Pressure - Short Put Positions at Risk ===== • Several traders are managing short put option positions expiring this weekend with a strike price near 86k, as concerns grow as BTC approaches this key support level. • Some traders are considering selling 93k put options expiring in 2JAN, while others are on the sidelines, preparing to establish weekend-expiring positions if BTC touches 88k again. • Traders face a difficult choice: close out short put options at a loss and roll them over to next week, or hold on in the current weakness as market sentiment "quickly shifted from mildly bullish to deteriorating."