
Greeks.live|Mar 06, 2025 13:42
http://Greeks.Live Community Daily Digest
Published: 2025-03-06
Overall Market Sentiment
The group is divided on market direction with a slight bearish bias, expecting choppy price action with a possible pre-event pump before declining. Traders are watching 91-96k as key price levels for BTC, with debate over whether post-event movement will continue downward or potentially reach new all-time highs.
Market Positioning Ahead of White House Summit
• Consensus view sees a choppy market leading into the White House crypto summit on March 7th, with potential build up to 92-94 before a drop
• Some are playing this with calendar spreads - shorting calls for March 8th while going long 91/95 call spreads for March 14th
• Limited upside expected with 96k capping price this week even with good news, with some traders planning to sell this level and roll if needed
• Concerns about market makers quoting wide and playing liquidity games, not wanting to get caught in potential significant moves
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