Bitcoin's $80,000 level has yet to be broken, and the reason may have been found

$BTC has been fluctuating around $80,000 these past few days, and there is actually a very important reason behind it.

On August 28, about $6.4 billion worth of BTC options expired, with a large number of call options concentrated near $75,000 and $80,000. The hedging actions of market makers before expiration can easily cause the price to be "pulled" around these key strike prices.

Now that these options have settled, the pressure holding $BTC near $80,000 has started to weaken.

Currently, more obvious sell orders above the market are moving toward around $82,000, and BTC's recent high has already reached about $81,300.

So I think the next few days are even more important.

Previously, it was a shakeout around $80,000 now is the real moment to decide the direction.

If volume picks up again and BTC firmly holds between $81,000 and $82,000, I will start looking toward the next level at $84,000

#BTCBackAbove81000