Analysis: BTC rebounded over the weekend, boosted by the US-Iran tensions; $78,500 became a key watershed for options long and short positions.

According to ME News, on May 24th (UTC+8), Greeks.live published an analysis on the X platform, stating that Bitcoin's weekend rebound was stimulated by US-Iran news. The core issue for BTC options this weekend is the weakening of Gamma constraints after settlement, with the $78,500 level remaining a key support/resistance level for Bitcoin. In the short term, if BTC holds above $77,000-$78,000, it's likely to 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 remains low, and considering the strong expectation of recent volatility, call spreads/put spreads are more suitable for cost control. (Source: ME)