Market Sentiment Turns Bearish Amid Key Price Levels

According to Odaily, Adam, a macro researcher at Greeks.live, shared insights in an English community briefing, highlighting a predominantly bearish sentiment among traders. The report notes that bullish levels have been surpassed, yet there is a lack of upward momentum. Key price levels under observation include a short-term support at $83,000 and a target for short squeezes between $85,000 and $86,000. Traders have observed that the current bearish trend shows no signs of reversal. In this environment, traders are focusing more on selling call options rather than buying put options as their preferred bearish strategy.