TechFlow reports that, according to Greeks.Live's daily English community briefing on March 6, market participants are divided over Bitcoin's price direction, with a slight bearish bias. High volatility is expected, potentially featuring a short-lived rally followed by a pullback before key events. Traders are closely watching the critical BTC price range of $91,000–$96,000 and debating whether prices will continue declining after the event or possibly break new all-time highs.
The briefing notes that the prevailing view expects choppy trading ahead of the White House Crypto Summit on March 7, with a possible rise to the $92,000–$94,000 range before a reversal. Some traders are employing calendar spread strategies—shorting call options expiring on March 8 while going long on call spreads at $91,000/$95,000 strike prices expiring on March 14.
Market participants anticipate limited upside this week, with $96,000 seen as a strong resistance ceiling. Even if positive news emerges, some traders plan to sell near this level and roll positions when necessary. Meanwhile, traders remain concerned about market makers widening quote ranges and manipulating liquidity, aiming to avoid losses during potential sharp market moves.
