Analyst: If Bitcoin breaks through $80k, the options market may reignite the bullish sentiment

Mars Finance News, on May 24th, Greeks.live analyst Adam posted on social media that BTC experienced a V-shaped rebound over the weekend, mainly driven by news related to the US and Iran, and it is expected that the US stock market opening may still bring some stimulative effects.
He pointed out that from the BTC options market perspective, after this week's settlement, Gamma constraints have weakened, and around $78,500 remains the current major pain point and the dividing line between bulls and bears.
If BTC can hold the $77,000–$78,000 range, it is likely to maintain a sideways to slightly bullish trend; if it breaks through $80,000 with increased volume, the Call options side may once again drive market enthusiasm for chasing gains.
Currently, the short-term implied volatility (IV) remains low, and considering the recent market oscillation expectations, it is more suitable to control costs through strategies like Call Spreads and Put Spreads, or wait for BTC to break through $80,000 or drop below $77,000 before adding positions.
BTC0.79%
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MosaicButterfly
· 7h ago
78.5k is such a classic pain point; every time it reaches this level, it has to be tested again.
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PuppyLooksAtTvl
· 9h ago
IV low position + oscillation expectations, selling options is much more comfortable than buying options
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SlippageSigh
· 9h ago
Holding onto 77k means being slightly strong; I've heard that a hundred times.
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AmberTeaSwirl
· 9h ago
V-shaped rebound looks exciting, but holding positions overnight is nerve-wracking
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ShortPositionsAtTheElevator
· 9h ago
Once the Gamma constraint loosens, the major players will start drawing lines again.
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TreatMemesAsBeliefs
· 9h ago
The caller side is chasing the bullish sentiment... Translation: FOMO is coming again.
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LimitOrderAtTheCrater
· 9h ago
Options data is more honest than candlestick charts; the biggest pain point is the battlefield.
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