
Adam@Greeks.live|Mar 05, 2025 15:57
http://Greeks.Live Daily English Community Briefing
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Release date: March 5, 2025
Overall market sentiment
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The group generally holds a bearish attitude, and traders expect the market to further decline while feeling discouraged by extreme volatility and volatility. Most traders are focusing on the 87-89k range as a key resistance level, considering 82k as the recent bottom, but there is clear disagreement on whether a sustainable bottom has been found.
Intense Volatility Trading - Extreme Volatility Environment
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The market experienced extreme price fluctuations, with Bitcoin fluctuating by 6k in one day, forming what traders describe as a "two-way induced" price trend
Several traders are selling call options in the 89-90k range as their preferred strategy in the current environment, with one trader reporting a loss of -260% on their call options sold at lower levels
Traders noticed that the bearish bias is still evident, indicating that despite a brief rise, market expectations still tend towards a downward trend
Some members believe that we are currently in a liquidity game stage, and it is crucial to quickly enter and exit the market. One trader hinted that the market needs a "new batch of buyers"
Trump's tariff announcement (and subsequent policy reversal) is exacerbating market chaos, with many traders choosing to wait and see due to unpredictable price movements
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