Resistance around $72k for Bitcoin is building up; if the rebound weakens, the downside risk is higher.

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ME News report: On April 7 (UTC+8), Glassnode published an analysis of Bitcoin options Gamma exposure. Currently, BTC is trading in a narrow negative Gamma range around $65k to $70k. Within this zone, traders’ hedging activity is likely to amplify short-term price volatility. Resistance near $72k above is building, while support below is relatively thin. Once the rebound momentum weakens, the downside risk is higher. Bitcoin Gamma Exposure (Gamma Exposure, abbreviated as GEX) is a derivatives indicator mainly used to analyze how options market makers’ hedging behavior impacts short-term Bitcoin spot price volatility. (Source: ChainCatcher)

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