Greeks.live English Community Alpha Summary: Markets maintain strong momentum ahead of Trump's inauguration
Odaily News Greeks.live macro researcher Adam published an English community Alpha summary:
[Overall Market Sentiment]
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The group is generally bullish, with most traders anticipating continued advance towards $110,000, although some warn of a potential overextension above $100,000.
The key resistance level is $108,000, and traders are divided on whether there will be a pullback or a breakout at this level.
[Price action before the inauguration - bullish momentum]
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-The market continues to post weekly gains of more than $10,000, indicating strong momentum ahead of Trump's inauguration
-Traders are cautious about selling call options, and generally believe that trying to go against the trend can be dangerous
-Some traders note possible over-exaggeration but believe a significant correction is unlikely until after the inauguration
