
Adam@Greeks.live|Mar 27, 2025 12:18
http://Greeks.Live Daily English Community Briefing
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Release date: 2025-03-27
Overall market sentiment
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The group is cautiously bearish, with most traders expecting to retest lower levels around 84-85k, while others note that the market is fluctuating within a narrow range. The key resistance level that is being monitored is 88.4k, where a large number of passive sell orders are observed. The potential support level is at 77k, which some traders refer to as the 'definite bottom'.
GameStop Bitcoin Reserve Announcement - Different Reactions
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GameStop announced the possibility of purchasing $1.3 billion worth of Bitcoin, which has sparked skepticism in the market and has been described as "one meme investing in another meme as one meme"
Traders believe that this may trigger a 'slight rebound to 90000', but the strength is insufficient compared to catalysts such as BlackRock and Trump
Many speculate that underperforming companies may "turn to Bitcoin reserves" as a way to divert attention from poor financial reports, with one trader pointing out that "there are many zombie companies in the market"
During the opening period of IBIT, the market showed a tight trading range, with option activity concentrated on the 85/83 put spread this weekend and the 89/93 call ratio strategy on April 11th
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