Analysts say Bitcoin under pressure to break $100000

Adam, a macro researcher at Greeks.live, stated on X platform that the recent rebound in the cryptocurrency market has not yet reached the level of a bull market. Currently, the market sentiment is poor, and there is significant pressure for Bitcoin to break through $100000. Unless there is a strong buying force, the bearish trend may continue. Option data also shows that the market is weakening, with IV continuing to decline and Skew being negatively biased, with bulk put trades accounting for the largest proportion of transactions.