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Greeks.live: Traders are focusing on Bitcoin's short-term target of $85,000, with a long-term resistance level at $100,000

Greeks.live: Traders are focusing on Bitcoin's short-term target of $85,000, with a long-term resistance level at $100,000

Bitget2025/04/10 14:51
Greeks.live released a community brief stating that the current crypto market is cautiously bullish, with traders still doubting whether this upward trend can continue. The key levels to watch are the short-term target of $85,000 and long-term resistance at $100,000. Traders' views on the sustainability of the market rise are divided; bulls believe it will reach $100,000 in Q2 while bears think this is just an exit frenzy that will eventually fade like previous inconsistent policies. Moreover, as bullish sentiment returns, bearish option skewness is gradually fading away. However, due to ongoing policy uncertainty many traders adopt defensive positions by selling call options or increasing their holdings for protection.
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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.

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