TechFlow news, on February 24, Adam, macro researcher at Greeks.live, released a community briefing stating that market participants are cautious about Bitcoin's short-term price movement. Analysis shows that while traders remain bullish in the long term, the market is expected to trade sideways in the near term. The market is closely watching the $90,000–$100,000 range, particularly the support level at $95,200.
In the options market, traders are actively selling call options around $99,000 while maintaining bearish positions. Notably, current options volatility is low, with implied volatility for this week’s expiries at 44%, suggesting the market views volatility as undervalued. Most traders are employing range-bound strategies within the $90,000–$100,000 range, with some using 96k/100k ratio spreads and ladder-style options structures for risk management.
