Analyst: It is too early to talk about a bull market; Bitcoin is unlikely to reclaim the key resistance zone of $95,000–$96,000 for now.
According to Odaily, Greeks.live macro researcher Adam posted on X, stating that the declines since last August and two major liquidations in October and November have severely damaged the market, making it difficult for bitcoin to reclaim the key resistance area of $95,000-$96,000 in the short term. On the other hand, various current data have not shown significant improvement, so it is still too early to talk about a bull market. However, in terms of options data, there have been many large purchases of call options recently, which is a clear signal of a potential bottom.
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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