Community Daily Digest Published: 2025-07-29 Overall Market Sentiment The group shows mixed sentiment with some traders calling for immediate moves higher while others expect significant downside testing. Key levels being watched include 116800 as a critical downside target and 121k as a bullish afternoon target, with disagreement on whether the current action represents bullish selling or genuine bearish pressure. BTC Price Action - Technical Levels and Trading Views • Strong conviction that BTC will test 116800 with 99% confidence based on price action analysis, representing a significant downside target from current levels • Conflicting views on market structure with some seeing current selling as bullish selling requiring a dip before the next leg up to 125k • Long-term strategy emphasis on never selling BTC and using long-term call spreads (DEC, MAR) as the optimal approach, viewing USD as going to zero against Bitcoin