According to GreeksLive, the trading community is divided after Bitcoin failed to maintain a price above $104K following disappointment from Trump's executive order. Traders are closely watching the $98K level as critical support, with discussions ongoing about reducing exposure or increasing positions. Many are exercising caution regarding aggressive directional trades. The market experienced significant long positioning at $103K in anticipation of the orders, but many are now unwinding those positions as no major crypto-related announcements were made. Implied volatility remains high at over 70% on short-term options despite the lack of event impact.

According to @GreeksLive, Bitcoin traders are divided after the cryptocurrency failed to sustain levels above $104K following disappointment over Trump's executive order. The key support level of $98K is closely monitored, with traders cautious about making aggressive directional bets. There is a notable unwinding of positions and reduction in short put exposure as no significant crypto-related announcements emerged. Implied volatility remains above 70% on short-term options, indicating continued market apprehension.