8.19 Semiconductor Crash, KOSPI Enters Bear Market 1. Last night, semiconductors took a big hit. This morning, the KOSPI opened 5% lower, signaling the end of its rebound and a continuation of the bearish trend. Following crypto and gold, the KOSPI has also entered a bear market. Meanwhile, U.S. stocks are in the late stages of a bull market. 2. $BTC will likely continue to fluctuate from June to October, with significant volatility expected around the midterm elections in November. If the crypto-unfriendly Democrats regain control of the House, there’s no doubt the crypto market will face panic selling. 3. During $BTC's consolidation phase, selling CALLs and PUTs can yield decent returns. Dual-currency investments with low buy-ins and high sell-offs can also be profitable. Even if $BTC’s price remains unchanged after a month or two, selling options to earn premiums from time decay is a solid strategy.