Greeks.live
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
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads