Market Sentiment Remains Bullish Amid Key Resistance Levels

According to Odaily, Adam, a macro researcher at Greeks.live, shared insights in the English community Alpha summary regarding the current market sentiment. The overall mood among groups is predominantly bullish, with most traders expecting a continued push towards $110,000. However, some caution that prices above $100,000 might be overextended. The key resistance level is identified at $108,000, with traders divided on whether a pullback or a breakthrough will occur at this point. Ahead of the inauguration, the market is displaying strong bullish momentum, consistently showing weekly gains exceeding $10,000, indicating robust momentum leading up to the event. Traders are cautious about selling call options, generally considering it risky to go against the prevailing trend. While some traders note the potential for overextension, they believe a significant market correction is unlikely before the inauguration concludes.