According to Skew Δ, recent US trading sessions have consistently shown a pattern where prices drop at the open and revert by midday EST. The price movements were significantly driven higher into the US market open and during options expiration (OpEx). A clear imbalance is observed around the session highs, indicating an inability to sustain these levels, which is critical for short-term traders to monitor.

According to @GreeksLive, the market sentiment is currently bearish in the near term, with February and March outlook being described as 'cooked'. Traders are particularly watching the $97,000 level by the end of the week, with increased focus on the Options Expiry (OPEX) event. This highlights a critical juncture in the cryptocurrency market where traders might adjust their positions based on these levels and events.