Golden Finance reported that according to Greeks.live macro analyst Adam posted on X, Bitcoin failed to hold above $104,000 after Trump’s executive order disappointed the market. Traders are keeping a close eye on the key support level of $98,000 while hesitating between reducing exposure or adding to positions, with most cautious about aggressive directional bets. Data shows that the market had previously seen a large number of long positions at the price of $103,000, but after no major cryptocurrency-related announcements, most traders chose to close their positions and reduce their put option exposure.