Greeks.live: The current market focus for Bitcoin is at a key price level of $104,000
Macro analyst Adam from Greeks.live posted a community brief on the X platform, pointing out that the group maintains a cautiously optimistic attitude overall, focusing on how to manage positions in potential volatility. The market's key price point of interest is $104,000 as a pivot point, with $98-99 thousand seen as potential support and $108 thousand as recent resistance. Due to the put-call parity relationship, they have the same dollar-denominated risk-reward characteristics. Compared to basis trading, selling covered calls may be more advisable because Bitcoin's long-term appreciation could exceed basis returns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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