Trend reversal or correction? Over time, the situation in the bitcoin market should become more clear-cut. However, it is now possible to buy a hedge against a price decline with the PUT SPREAD.
Flash Idea: To reduce the amount of risk, we choose the nearest expiration date of September 3. After that, we buy a 47 000 PUT option (we have to pay an estimated premium of $19 for a minimum transaction fee of 0.01BTC), and to finance this trade, we might sell two PUT 44 000 options (each with an estimated premium of $9). This would hedge our last flush idea of BTC rising to September 24 for a week.
Risks: As the idea is to sell two PUT options at 44 000, after the price crosses 41 100 marks, the possibility of a loss arises.