PANews reported on January 28 that according to the Greeks.Live community briefing, the price of Bitcoin has recently fallen sharply to the range of 98,000 to 99,000 US dollars. Group members generally hold a bearish attitude in the short term and expect the price to further drop to the range of 94,000 to 96,000 US dollars. 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 to $98,000 are actively traded, and traders are gradually building defensive positions. At the same time, many members chose to close or roll over the call spread strategy above $104,000 after the breakout attempt failed. Most traders said they would wait for a clear rebound signal near $98,000 before considering establishing significant long exposure.