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

According to a post by Adam, a macro analyst at Greeks.live, on X, Bitcoin failed to hold above $104,000 after the disappointment of Trump's executive order. Traders are closely watching the key support level of $98,000 and are undecided between reducing exposure or increasing positions. Most people are cautious about aggressive directional bets.

Data shows that there were many long positions in the market at the price point of $103,000 previously. However, after no major cryptocurrency-related announcements were seen, most traders chose to close their positions and reduce their bearish option exposures.