
Greeks.live|Mar 11, 2025 12:42
http://Greeks.Live Community Daily Digest
Published: 2025-03-11
Overall Market Sentiment
The group is overwhelmingly bearish with traders discussing significant downside pressure on BTC and ETH. Key levels being watched include 80K (recently lost), 78K, and potential targets of 72K or even 50K, with sentiment showing signs of capitulation and defeat.
Bitcoin & ETH Meltdown - Trading the Downside
• Market experiencing severe selling with ETH dropping from 3400 to 1700 ("ETH halving achieved") and BTC losing critical support
• CPI data on Wednesday could be a key catalyst for market direction, while some believe we need a pullback/relief rally soon with 82-84K identified as potential resistance
• Despite the bearishness, there's concern about shorting BTC as being "risky" with multiple traders expressing hesitation about betting against it
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