Analyst: $80k is the first effective resistance level for BTC right now; if it breaks above $82k or enters an amplified volatility range.

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ME News, April 26 (UTC+8): Crypto analyst Murphy posted on X that, by combining three sets of data (Options Gamma Exposure, Options Open Interest by Strike Price, and Options ATM Implied Volatility), from the options perspective, the impact on BTC is as follows: $80k is the first effective resistance above the current BTC price. This level also meets the conditions of high Call OI, positive Gamma, and low IV. When the price is pushed upward, dealers’ dynamic hedging can more easily create sell pressure; and the lower the IV, the higher the marginal sensitivity of dealers to rebalancing hedge positions. Therefore, the thickness of this wall (OI of 7,200 BTC plus a positive-Gamma order of magnitude) makes $80,000 a “harder-to-chew bone” for May; once it breaks through and approaches $82,000, due to the presence of a larger negative-Gamma block here (OI of 4,644 BTC), the market may quickly switch from being suppressed to a “volatility-amplification” mode. (Source: ChainCatcher)
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