Greeks.live: Traders follow the $98,000 support level

ChainCatcher message, according to Adam, a macro analyst at Greeks.live, expressed in a post on X that after the disappointment in the market due to Trump's executive order, BTC failed to hold above $104,000. Traders are closely following the key support level of $98,000, while hesitating between reducing exposure or increasing Position, most people are cautious about making aggressive directional bets. The data shows that there were a large number of long positions in the market at the $103,000 price level before, but after no major cryptocurrency-related announcements were seen, most traders chose to close their positions and reduce their bearish option exposure.