BitcoinDiupdate

Bitcoin Bounce? Caution, $3B Options Expire!

We are having a bounce short-term on the BTCUSD trading pair.

This is good news but I am warning caution.

Tomorrow is Friday and $3 Billion worth of options are expiring.
The options expiry date is normally a bearish event for Bitcoin.


You can have a bounce such as is happening now followed by a bigger drop (red arrow).

If the resistance can be taken out (yellow rectangle/downtrend line), additional growth is possible.

Better to wait and see how the market will react when the options expire... This is only a little 24 hours away.

What's your take on the Bitcoin options expiration date?
Hit LIKE and Leave us a comment.

Namaste.
Catatan
Just as we suspected.
A bounce leading to a strong drop.

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.