Adam@Greeks.live
Adam@Greeks.live|Mar 10, 2025 12:27
http://Greeks.Live Daily English Community Briefing ===== Release date: March 10, 2025 Overall market sentiment ===== Group members generally hold a bearish attitude, with some hoping for a short-term rebound correction before continuing to decline. Most traders are focusing on the $74000 to $76000 range as a potential downside target, with some seeing $87000 as a resistance level. There is also a lot of discussion about the possible short squeeze market ahead of the upcoming CPI data release. Bitcoin Market Structure and Trends ===== Traders believe that the current market is experiencing a radical but orderly decline, with an expected target of $75000 consistent with the 365 day volume weighted average price Some people believe that the market is about to experience severe volatility (direction is not yet clear), while a large number of option sellers are building positions near the resistance level of $88000 MSTR's application to issue $21 billion worth of preferred stock for the purchase of Bitcoin is seen as a potential catalyst, but market sentiment remains skeptical Digital traders are reducing their put option positions (from $100000 to $90000, from $92000 to $86000) while managing significant losses, indicating a sustained bearish sentiment The market structure shows clear interaction at key price points, with single point imprints/fair value gaps being filled, but insufficient liquidity leading to rapid price fluctuations
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