According to Odaily, Adam, a macro researcher at Greeks.live, shared insights in an English community briefing, revealing a bearish sentiment among group members regarding the recent market trends. Traders are closely monitoring the $88,000 to $80,000 range as a critical fluctuation zone. There is a general consensus that the market uncertainties and economic concerns stemming from U.S. President Donald Trump's tariff policies could drive Bitcoin prices further down. Several traders have identified potential target prices in the $72,000 to $75,000 range.
The market perceives recent cryptocurrency-related announcements as disappointing and lacking substantial content, leading to significant price drops during non-trading hours. In response, traders have extended their positions to later dates and adjusted their strategies accordingly. Many are engaging in shorting call options at the $92,000 to $95,000 levels.
