Trading Bitcoin's Range: Volatility Opportunities Amid Market Uncertainty

Bitcoin remains in a tight range, consolidating around $102,500, with support at

$100,000 and resistance near $105,000. The market seems to have entered a pause

following recent bullish moves. Volume remains low, indicating a lack of significant

momentum, while indicators such as the RSI are in neutral territory, reflecting a

balanced market. Additionally, the NUPL (Net Unrealized Profit/Loss) at 58.17%

confirms that the majority of holders remain in profit, reinforcing price stability.

However, all eyes are on what Donald Trump will do next. While the president has

reassured markets by announcing that tariffs on Canada, Mexico, and China will not

come into effect, everything remains possible with him. One unexpected

announcement could break the current range within minutes, so traders must be

prepared for sudden volatility.

Implied volatility (IV) remains elevated, hovering around 56%-57%, while the skew

in put options remains inflated, showing strong demand for downside protection.

These conditions offer interesting opportunities for strategies that leverage high

premiums and range-bound markets.

BTC VOl Structure “No Comment” Trump Volatility

Recommended Strategies Ideas

Bull Put Spread (Expiration: February 7, 2025)

This strategy captures inflated premiums from puts while limiting risk in the short

term.

Iron Condor (Expiration: February 28, 2025)

Combines upper and lower legs to generate income in a wide range-bound market.

Conclusions

Both strategies offer valuable opportunities to trade Bitcoin's volatility effectively. The

Bull Put Spread is a short-term strategy ideal for scenarios where BTC remains

stable or moves slightly higher, capturing premiums from elevated skew while limiting

risk. Meanwhile, the Iron Condor is better suited for traders who expect BTC to stay

within a wide range, offering a balance between risk and reward over a longer

timeframe. In both cases, it is crucial to remember that the optimal approach is to

exit positions early, ideally when capturing 25%-30% of the maximum profit, as

holding until expiration increases risks unnecessarily. By focusing on volatility rather

than pure direction, these strategies allow traders to take advantage of current

market conditions while maintaining disciplined risk management.

Disclaimer: Educational Purposes Only

The strategies presented in this report are for educational purposes only and should not be considered as financial advice or trading recommendations. Always evaluate your risk tolerance and consult with a financial professional before engaging in trading activities.

Disclaimer: This article is for educational purposes only and does not constitute

financial advice.

About Author

SpreadGreg is a distinguished Principal Trader and CEO at GP Asset Management LLC in Chicago, with over 11 years of professional trading experience and specialized in financial options and commodity futures strategies, he combines technical skill with strategic insight.