Bitcoin rebounded over the weekend following news from the US and Iran, while the options market continues to XEM the $78,500 level as a key technical benchmark.
Greeks.live states that BTC 's recovery is occurring amidst weakening Gamma-ray effects following its expiration. In the short term, the $77,000-$78,000 range is XEM a crucial area to hold for the uptrend to continue, although volatility may still be high.
If Bitcoin surpasses $80,000 with significant volume , Call Option contracts could trigger renewed buying pressure. Conversely, a loss of the support zone near $78,500 could lead to less stable price movements.
Greeks.live also noted that short-term implied volatility remains low, while expectations for recent price swings have increased. In this context, a spread strategy is considered more suitable for cost control.
