Today's Bitcoin Analysis
The nearest upper options wall has shifted from **$85,000 to $82,000**.
While the wall around $85,000 remains in place, **$82,000 is now the key level to watch**.
The main concentration of hedging demand is around **$81,000–$80,000**, which could cause the price to gravitate toward this range.
However, it is worth noting that while the lower boundary has remained largely unchanged, the upper boundary has expanded toward $82,000. (See the attached heatmap.)
The lower options wall is at **$79,000**, which appears to be a significant barrier.
Another important downside level is $78,000, although its support does not appear to be as strong as the $79,000 level.
The key turning point for market makers (MMs), known as the **Gamma Flip**, is around $80,000.
As long as BTC remains above this level, volatility is more likely to stay suppressed, making technical support and resistance levels more likely to hold.
**Bitcoin implied volatility (BVIV) has declined into the 30% range.**
This suggests that the magnitude of future price movements currently priced in by the options market is decreasing.
However, with the FOMC meeting approaching, we should remain cautious about a potential rise in BVIV before and after the event.
$BTC
#bitcoin
#options
The nearest upper options wall has shifted from **$85,000 to $82,000**.
While the wall around $85,000 remains in place, **$82,000 is now the key level to watch**.
The main concentration of hedging demand is around **$81,000–$80,000**, which could cause the price to gravitate toward this range.
However, it is worth noting that while the lower boundary has remained largely unchanged, the upper boundary has expanded toward $82,000. (See the attached heatmap.)
The lower options wall is at **$79,000**, which appears to be a significant barrier.
Another important downside level is $78,000, although its support does not appear to be as strong as the $79,000 level.
The key turning point for market makers (MMs), known as the **Gamma Flip**, is around $80,000.
As long as BTC remains above this level, volatility is more likely to stay suppressed, making technical support and resistance levels more likely to hold.
**Bitcoin implied volatility (BVIV) has declined into the 30% range.**
This suggests that the magnitude of future price movements currently priced in by the options market is decreasing.
However, with the FOMC meeting approaching, we should remain cautious about a potential rise in BVIV before and after the event.
$BTC
#bitcoin
#options
