Greeks.live analyst Adam posted on social media, "After the sharp drop in bitcoin price to $98,000, the group members are generally bearish in the short term, and most traders expect the price to fall further to the $9.4-9 6,000 range. For this trend, it is generally believed that it is related to macro factors, and the overall sell-off of Nvidia and US technology stocks is regarded as the trigger. Call-over 9.6-9 8,000 USD put options are actively traded, and traders gradually build up defensive positions. After a failed breakout attempt, multiple members position squaring or rolling over bullish spread strategies above $104,000; The general consensus in the group is to wait for confirmation of a clear rally in prices around $98,000 before establishing significant long exposure. "