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Greeks.live|Jan 28, 2025 17:17
GreeksLive Gang's Sentiment Summary Jan 28
Overall Market Sentiment
GLG maintains a cautiously bullish bias despite market chop, with consensus watching 99K as critical support and 102K as key resistance. Most traders expect rangebound action between 95K-105K heading into FOMC, with potential derisking but no strong bearish conviction below current levels.
Bitcoin Near-Term Technical Outlook
• Daily uptrend remains intact with strong support at 96K-99K, while bulls need 102K reclaim for continuation
• Group consensus sees limited downside risk with 95K as monthly floor, worst case scenario being flat month
• Majority positioning through short puts and call spreads, indicating confidence in range-bound action but cautious about immediate upside above 104K
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