According to a report from 深潮 TechFlow on July 9, Bitcoin has been fluctuating in the range of 105k-110k, with differing market directions. 107k is seen as a key support level, and a fall below it may trigger pessimistic sentiment. Meanwhile, some traders are optimistic about ETH's strong performance and breakout opportunities. Notably, the implied volatility (IV) is at a historical low, raising concerns among traders. In this market environment, professionals recommend three major options strategies: selling put spread strategy (sell put spread) is the preferred choice due to its anti-fragile characteristics; the bull spread strategy suggests rolling over upwards when it rises to parity to maintain consistency; and the butterfly strategy is suitable for deployment when the volatility smile curve is flat. The market generally expects to generate more trading opportunities through false breakouts at new highs.