Greeks.live: The market is closely watching the Bitcoin price range of $103,000-108,000, and most traders take defensive positions

Odaily Planet Daily News Greeks.live macro researcher Adam wrote that after the announcement of the Trump Cryptocurrency Working Group, the group’s opinions were divided but they were cautiously bullish, and $105,000 became a key support level. Traders are keeping a close eye on the $103,000-$108,000 range, skeptical of upside momentum, as price action, while volatile, remains within range. •Major trading activity focused on near-term options, with the $110,000 call option on Jan. 25 seeing significant but ultimately zero volume; • Most traders are taking defensive positions, buying call spreads and selling puts at $102,000-$105,000 next week; • Concerns about upcoming volatility catalysts, including next week’s FOMC meeting and the Lunar New Year (January 29), leading traders to adopt cautious arrangements and partially reduce exposure.