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Adam@Greeks.live|Mar 02, 2025 15:03
http://Greeks.Live Daily English Community Briefing
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Release date: March 2, 2025
Overall market sentiment
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After Bitcoin plummeted from $85000 to $96000 in a short period of time and caused significant losses to $78000, group members generally held a bearish attitude. Most traders are paying attention to whether the weekly chart of $82000 can support it, and many believe that there is a possibility of further decline to the $72000 area.
Market recovery strategy after major drawdown
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The recent price trend has been described as' crazy 'and' violent ', with traders losing most of their investment portfolios, and some even experiencing a 70% loss
Many traders are considering extending their positions and selling some call options to recover, while maintaining a slightly positive delta exposure to cope with possible upward trends
The general consensus is that the consolidation and establishment of foundations in the coming week will be a positive signal. If momentum recovers, some people expect a possible mean regression in the range of 86000-89000 US dollars
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