Greeks.live: $90,000 is currently the key resistance level for BTC, and the market sentiment is still generally bearish
Greeks.live released a community brief, pointing out that the current consensus among traders is still bearish, believing that the current price trend is a temporary rebound in a larger downward trend. Traders regard $90,000 as the key resistance level at this stage and believe there will be sell-offs after Strategy announced an increase in Bitcoin holdings. Most traders believe that this stage is just a temporary rebound in the ongoing downtrend, expecting more price fluctuations. Due to lack of confidence in the sustainability of rising prices, some members are selling call options at $90,000 and $91,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CME data center outage halts futures and options trading, affecting contracts worth trillions of dollars
CME EBS market will open at 20:00
BNB Treasury company CEA Industries appoints digital asset expert Annemarie Tierney as director