Once the Gamma constraint loosens, the 78.5K level becomes the focus again.

Mars Finance News: On May 24, Greeks.live analyst Adam posted on social media saying that BTC staged a V-shaped rebound over the weekend, mainly driven by news related to the US and Iran. He expects that after the US stock market opens, it may still bring some stimulative effects. He noted that, based on the BTC options order book, after this week’s expiry, Gamma constraints have weakened; around $78,500 remains the current biggest pain point and the dividing line between bulls and bears. If BTC can hold the $77,000–$78,000 range, it will most likely maintain a range-bound but relatively bullish trend. If BTC breaks out above $80,000 on increased volume, the Call options side may once again rekindle the market’s momentum-chasing sentiment. Currently, short-term implied volatility (IV) remains at a low level, and given that the market’s near-term oscillation expectations are strong, it is more suitable to do so through Call options (Call).