According to Odaily Planet Daily, Greeks.live macro researcher Adam YuX wrote: “Affected by the plunge in U.S. stocks such as Nvidia and Tesla, cryptocurrencies have also seen a sharp adjustment. Bitcoin has fallen below $100,000 again, and altcoins have fallen even more sharply, and market sentiment has turned pessimistic.
In terms of option data, short-term IV rebounded slightly, but it is still at a low level, and the market's pricing of future fluctuations remains unchanged. Option Skew and futures premium have not changed significantly. The mainstream view of the market on this pullback is that it is affected by the strength of the US dollar and the decline of US stocks. The trend of Bitcoin has not changed, and the bull market is still there.
If you choose to buy at the bottom now, a short-term bullish position of $100,000 is very cost-effective, especially for Bitcoin's bullish outlook for the week.
