Greeks.live: Bitcoin bearish sentiment is evident, key resistance level to follow is 111000 USD.

Odaily News According to a post by Greeks.live macro researcher Adam, the community is showing a clear bearish sentiment, with traders expressing concerns about Bitcoin's current valuation and buying interest. The key resistance level to watch is $111,000, with expectations that Bitcoin will struggle to break through this level. Traders are implementing a buy put options strategy, expecting that despite the current low volatility, a downward trend may occur mid-week, selling call options at the $111,000 level, firmly believing that "this is the top" and the price will "never rise again." The volatility level remains unchanged, slightly skewed towards bearishness, providing opportunities for strategic positioning ahead of expected price movements.