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Greeks.Live: It is expected that the market will experience Fluctuation before the White House Cryptocurrency summit on March 7, possibly pumping to the range of $92,000 to $94,000 before falling back.
BlockBeats news, on March 6th, Greeks.Live released a community daily summary stating that there is a divergence in the community's market direction, slightly leaning towards bearish sentiment, expecting intense price fluctuations, and a possible brief pump followed by a pullback before the event. Traders are closely following the key price range of BTC from $91,000 to $96,000 and discussing whether the market will continue to decline or potentially break through historical highs after the event. • The general consensus is that the market will experience fluctuations before the White House Cryptocurrency summit on March 7th, possibly pumping to the range of $92,000 to $94,000 before pulling back. • Some traders are using calendar spread strategies—shorting call options expiring on March 8th while going long on the spread of $91,000/$95,000 call options expiring on March 14th. • It is expected that the upward potential this week is limited, with $96,000 being the price ceiling. Even with positive news, some traders plan to sell at this price level and rollover when necessary. • Concerns about market maker widening quote ranges and playing with liquidity games to avoid losses in potential major market fluctuations.