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Greeks.Live: Most traders are watching to see if $82,000 can hold support on Bitcoin's weekly chart
2025-03-02 15:10

Odaily News Adam, a macro researcher at Greeks.Live, published an English community briefing on the X platform, saying that after Bitcoin plummeted from $85,000-96,000 to $78,000 in a short period of time and caused heavy losses, group members generally took a bearish attitude. Most traders are watching whether $82,000 on the weekly chart can support, and many believe that further declines to the $72,000 area are possible. The recent price action has been described as "crazy" and "violent", and traders have lost a large part of their portfolios, and some have even suffered a 70% loss. Many traders are considering rolling positions and selling some call options in order to recover, while maintaining a slightly positive delta exposure to cope with possible upward movements. The general consensus is that consolidation and building a base in the coming week will be a positive sign, and if momentum recovers, some people expect a possible return to the mean reversion to the $86,000-89,000 range.