Greeks.Live English Community Daily Briefing

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Release Date: 2025-02-26

Overall Market Sentiment

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Group members generally hold a bearish attitude, as Bitcoin plummeted from over $100,000 to a low of $80,000. Traders describe this as a "crisis spreading." Key observation price levels include $86,000 as a critical support level. If this level is broken, many believe a "vacuum zone" will appear below until the range of $72,000-$77,000, with some members even expecting a further drop to $65,000.

Market Rebound Analysis

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• The market experienced a single-day drop of $6,000, accompanied by a large number of forced liquidations, resulting in significant losses for most traders in the group, with some reporting losses of 5-6 figures.

• Several traders believe this round of selling is controlled and may be coming from a "stealth" large seller, who needs to complete the sell-off before any meaningful rebound occurs.

• Despite the bleak market, some members cautiously look for a potential range that may form between $85,000-$90,000, with $89,000-$91,000 seen as levels that could provide some breathing space if reclaimed.

• A minority view sees this as a buying opportunity, closely monitoring large buy orders at the levels of $77,000 and $72,000, regarded as potential bottoming areas.