Greeks.Live: BTC short-term bearish sentiment heats up, put option trading is active

Odaily Planet Daily News Bitcoin prices have fallen sharply recently to the $98,000-99,000 range. Group members are generally bearish in the short term and expect prices to fall further to the $94,000-96,000 range. The decline is believed to be related to macro factors and was affected by Nvidia news and the overall sell-off of technology stocks. Currently, put options with strike prices of $96,000-98,000 are actively traded, and traders are gradually building defensive positions. At the same time, after a failed breakout attempt, several members chose to close or extend a bullish spread strategy above $104,000. Most traders said they would wait for a clear rebound signal near $98,000 before considering establishing significant long exposure.