Greeks.live: Traders follow the short-term target of Bitcoin at $85,000, with a long-term resistance level at $100,000.

Golden Finance reports that Greeks.live has released a community briefing stating that the current attitude in the crypto market is cautiously bullish, and traders still doubt whether this rise can be sustained. Key levels worth following are the short-term target of $85,000 and the long-term resistance level of $100,000. Traders have differing views on the sustainability of the market’s rise. Bulls believe that it will reach $100,000 in the second quarter, while bears think that this is just a temporary surge that will ultimately fade away like previous policy inconsistencies. Furthermore, as bullish sentiment returns, the skew of put options is gradually diminishing, although many traders are adopting defensive positions by selling call options or increasing position protection due to ongoing policy uncertainty.