Market Outlook: Key Price Levels And Strategies Highlighted

According to PANews, Greeks.live macro researcher Adam shared a community briefing on the X platform, highlighting a cautious yet optimistic market sentiment. The focus is on managing positions amid potential volatility. The market is closely watching the pivotal price level of $104,000, with $98,000 to $99,000 identified as potential support levels and $108,000 as a recent resistance level. Due to the bearish-bullish parity relationship, the risk-reward characteristics are similar when priced in dollars. Selling covered calls may be more favorable than basis trading, as Bitcoin's long-term appreciation could surpass basis returns.