$BTC
The bigger signal for me may actually be coming from the U.S. dollar.
Yes, the ~$6.4B BTC options expiry is important.
That makes $80K an interesting level.
I’m not necessarily looking at it as a ceiling. If the dollar continues losing strength into Friday, the options expiry could end up adding fuel to the move rather than limiting it.
Another thing I’m paying attention to is the source of the selling.
Some of the current supply can simply be mechanical:
That doesn’t automatically mean the market is turning bearish.
If that supply gets absorbed and selling pressure starts to dry up, BTC can move very differently.
So for me, the equation is pretty simple:
$80K = key level.
Personal view only. DYOR.
#crypto #MarketSentimentToday
The bigger signal for me may actually be coming from the U.S. dollar.
Yes, the ~$6.4B BTC options expiry is important.
That makes $80K an interesting level.
I’m not necessarily looking at it as a ceiling. If the dollar continues losing strength into Friday, the options expiry could end up adding fuel to the move rather than limiting it.
Another thing I’m paying attention to is the source of the selling.
Some of the current supply can simply be mechanical:
That doesn’t automatically mean the market is turning bearish.
If that supply gets absorbed and selling pressure starts to dry up, BTC can move very differently.
So for me, the equation is pretty simple:
$80K = key level.
Personal view only. DYOR.
#crypto #MarketSentimentToday
