Analysis: The key level for Bitcoin's bullish and bearish trends remains near the major resistance level of $78,500.

According to an analysis by Greeks.live, as reported by Odaily Odaily, Bitcoin's weekend rebound was boosted by news from the US and Iran. The key point for BTC options this weekend is that the Gamma constraint will weaken after settlement, and the $78,500 level remains a crucial support/resistance level for Bitcoin. In the short term, if BTC holds above $77,000-$78,000, it will likely continue its upward trend with some volatility. If it breaks above $80,000 with significant volume, call options may reignite buying interest. Short-term implied volatility (IV) remains low, and considering the strong expectation of recent volatility, call spreads/put spreads are more suitable for cost control.