Greeks.live
Greeks.live|Apr 10, 2025 14:13
http://Greeks.Live Community Daily Digest Published: 2025-04-10 Overall Market Sentiment The group is cautiously bullish after Trump announced a 90-day pause on tariffs (except for China which increased to 125%), though many remain skeptical this rally will be sustained. Key levels being watched are 85K as a near-term target and 100K as a longer-term resistance, with traders debating whether this news-driven pump will eventually be faded. Trump's Tariff Announcement - Market Reaction • News of 90-day tariff pause created a relief rally with BTC climbing quickly from the 77K range to approaching 82K, though only a 10% across-the-board tariff remains • Traders are split on sustainability with bulls seeing path to 100K in Q2 while bears believe this is an exit pump that will eventually be faded similar to previous policy flip-flops • Put skew is getting faded as bullish sentiment returns, though many traders are positioning defensively by selling calls or adding position protection due to continued policy uncertainty • Several traders noted this was a clear case of insider knowledge as heavy buying occurred in the 75-77.5K range hours before the announcement
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