
Greeks.live|Mar 24, 2025 12:23
http://Greeks.Live Community Daily Digest
Published: 2025-03-24
Overall Market Sentiment
The group consensus is predominantly bearish, viewing current price action as a temporary bounce within a larger downtrend. Traders are watching the 90k level as significant resistance and the 4h EMA200 (around 73k) as a critical indicator, with most expecting a sell-off after Saylor's announcement.
BTC Bounce Strategy - Selling Call Resistance
• Most traders are viewing this as a temporary bounce in a continued downtrend with expectations of more choppy price action
• Several members are selling 90/91 calls against their perp positions due to lack of confidence in upside sustainability
• Traders note significant OI increase of 1.5 billion before US market open, a pattern they've seen before leading to reversals
• Group speculating this move is primarily driven by Saylor buybacks, with algorithms set to sell if he announces a purchase
• Outlook for April through June remains bearish with concerns about Trump tariffs and seasonal summer weakness
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