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Analyst: Bitcoin Could Reignite FOMO in Options Market if Price Surpasses $80,000
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BlockBeats News, May 24th, Greek.live analyst Adam posted on social media, stating that BTC saw a V-shaped rebound over the weekend, mainly driven by news related to the US and Iran. It is expected that there may still be some stimulus effect after the US stock market opens.

He pointed out that from the BTC options perspective, after this week's expiry, the Gamma constraint has weakened. The $78,500 level remains the key pain point and the battleground between bulls and bears. If BTC can hold the $77,000–$78,000 range, it will likely maintain a sideways to slightly bullish trend. If there is a significant breakthrough above $80,000 on high volume, the Call option side may once again drive the market higher.

The current short-term Implied Volatility (IV) remains low. Considering the strong market volatility expectations, it is more suitable to control costs through strategies such as Call Spreads, Put Spreads, or wait to increase positions after BTC breaks above $80,000 or falls below $77,000.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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