Greeks.live: The market maintains strong momentum ahead of Trump's inauguration

ChainCatcher message, Greeks.live macro researcher Adam released the English community Alpha summary.

Overall market sentiment:

• The group generally holds a bullish attitude, with most traders expecting to continue pushing towards $110,000, although some warn of potential overextension above $100,000.
• The key resistance level is at $108,000, and traders have differing opinions on whether there will be a pullback or a breakout at this level.

Price movements before the inauguration - bullish momentum:

• The market continues to show weekly gains of over $10,000, indicating strong momentum ahead of Trump's inauguration.
• Traders are cautious about selling call options, generally believing that trying to go against the trend may be risky.
• Some traders note the possibility of overbought conditions but believe that a significant pullback is unlikely before the inauguration concludes.