We’ve waited so long—finally, the price has some momentum!
Right now, $BTC has quickly pushed through the STH-RP ($67,000) resistance level and is directly standing above the $70,000 mark.
Let’s take a look at the SOPR data—although today’s latest numbers haven’t been released yet, we can already see that both “short-term holders” (STH) and “long-term holders” (LTH) are accelerating in their turnover. The realized selling pressure from short-term holders is nearing the level seen around the time of the spike to $80,000 back in April.
Next, there are roughly three main paths to watch:
Continuation of the uptrend:
A string of bullish catalysts plus a return of dollar liquidity could keep pushing price to test the Active Realized Price ($83,050), which is also within the range of the April rebound’s high point.
Pull back, then continue higher:
Short-term profit-taking selling pressure keeps growing, and we could see a retest of the $67,000 support-to-resistance flip zone.
The rally cools off:
The “awkward” FOMO fuel burns out, market sentiment fades, and price falls back again.
You can decide what to do next based on your own judgment and risk profile.
Here are also a few short-term options strategies that may fit—feel free to use these as references:
Bullish view (Bull Call Spread):
Buy an ATM or slightly OTM Call on the near-term or next near-term month, and simultaneously sell a Call with a higher strike price. This strategy locks risk completely, is low cost, and is suitable for betting that price will rise—though with limited upside.
No strong directional bet—sell FOMO (Iron Condor):
Expect price to range between $60,000 and $84,000. The goal is to profit from time value and a decline in IV.
Want “free” upside—if it drops, you’re still willing to buy (Bullish Risk Reversal):
Buy an OTM Call while selling an OTM Put with the same Delta. Use the premium from selling the Put to help pay for the cost of buying the Call—effectively getting a “free” bullish position. The downside is that if price truly drops, you’ll need to take on the risk to the downside.
Or you can also lock in @CryptoRounder’s strategy shares like I’m doing—after all, Rounder got positioned ahead of this big surge!
Right now, $BTC has quickly pushed through the STH-RP ($67,000) resistance level and is directly standing above the $70,000 mark.
Let’s take a look at the SOPR data—although today’s latest numbers haven’t been released yet, we can already see that both “short-term holders” (STH) and “long-term holders” (LTH) are accelerating in their turnover. The realized selling pressure from short-term holders is nearing the level seen around the time of the spike to $80,000 back in April.
Next, there are roughly three main paths to watch:
Continuation of the uptrend:
A string of bullish catalysts plus a return of dollar liquidity could keep pushing price to test the Active Realized Price ($83,050), which is also within the range of the April rebound’s high point.
Pull back, then continue higher:
Short-term profit-taking selling pressure keeps growing, and we could see a retest of the $67,000 support-to-resistance flip zone.
The rally cools off:
The “awkward” FOMO fuel burns out, market sentiment fades, and price falls back again.
You can decide what to do next based on your own judgment and risk profile.
Here are also a few short-term options strategies that may fit—feel free to use these as references:
Bullish view (Bull Call Spread):
Buy an ATM or slightly OTM Call on the near-term or next near-term month, and simultaneously sell a Call with a higher strike price. This strategy locks risk completely, is low cost, and is suitable for betting that price will rise—though with limited upside.
No strong directional bet—sell FOMO (Iron Condor):
Expect price to range between $60,000 and $84,000. The goal is to profit from time value and a decline in IV.
Want “free” upside—if it drops, you’re still willing to buy (Bullish Risk Reversal):
Buy an OTM Call while selling an OTM Put with the same Delta. Use the premium from selling the Put to help pay for the cost of buying the Call—effectively getting a “free” bullish position. The downside is that if price truly drops, you’ll need to take on the risk to the downside.
Or you can also lock in @CryptoRounder’s strategy shares like I’m doing—after all, Rounder got positioned ahead of this big surge!
