Weekend Price Surge Sparks Cautious Optimism in Market

Despite a weekend price surge, market sentiment remains cautious, according to researchers at Greeks.live. Adam, on social media, points out a bearish outlook among English-speaking traders, who express concern about the potential for limited liquidity during the U.S. holiday period. While many anticipate a rebound in price after the holiday, most are hesitant to see it exceeding $60,000 as a buying point and worry about resistance around $88,000 at weekly close. Traders also expect some price pullback before settling at around the CME’s closing price of $85,000.