Friday, options expiration, big bearish momentum continues

Today, nearly $10B worth of options are set to expire, of which approximately 78%-80% are “out-of-the-money options.” To hedge and render the options worthless, market makers tend to suppress prices to lower levels, which makes a sell-off more likely.

All moving average indicators are showing bearish signals. Both the daily and weekly are displaying consecutive bearish candles. The decline is a step-by-step drop, with a “look back after each step” rhythm, and there has been no big rebound. Before reclaiming 63,000, all rebounds are opportunities to go short.

For BTC, consider shorting in the 60,200-60,500 area, targeting 57,000. If it breaks down, do not chase. For ETH, follow the same approach: short in the 1,560-1,580 area, targeting 1,450. Enter with a light position, keep reserved capacity to add on pullbacks, and do a good job of risk control and position management #美光市值超越Meta跻身全美前十