
Greeks.live|Mar 13, 2025 12:18
http://Greeks.Live Community Daily Digest
Published: 2025-03-13
Overall Market Sentiment
The group is predominantly bearish on the short-term market outlook despite some positive CPI data (2.8% vs 2.9% expected). Traders are watching key potential support levels and discussing a potential bottom for BTC, with some suggesting $60k levels as a possible downside target.
Market Reactions to Economic Data - Skepticism Prevails
• Market faded the good CPI print quickly, with traders noting "nothing is bullish to burgers anymore"
• Some believe tariffs and inflation are more significant market drivers than geopolitical events like a Ukraine peace deal
• Consensus that remaining " pussy cracks need to puke " before uptrend can resume, suggesting capitulation hasn't finished
• ETH described as " squeezy dogshit " with potential for a bounce despite overall negative sentiment
• Some traders planning to step aside and "wait 5 years and accumulate" rather than actively trade the current environment
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