According to Trader_XO, they are focusing on trading Bitcoin at key inflection points, looking for opportunities in both long and short positions. Trader_XO emphasizes the importance of identifying precise trading zones, rather than engaging in debates about Bitcoin's bullish or bearish trends. These strategies are aimed at maximizing trading opportunities based on market movements, irrespective of direction, highlighting a tactical approach to Bitcoin trading (Source: Trader_XO on Twitter).

According to Skew Δ, the recent upward movement in Bitcoin's price on lower time frames (LTF) is primarily driven by rebalancing flows, with a significant influence from hedges being cut and long positions being opened. This activity has resulted in a perpetual bid in the market. However, for this upward trend to sustain, it would require a substantial spot bid. [Source: Skew Δ's Twitter Post]