An exchange: $82,000 is the first resistance level for bitcoin to open up further upside potential
BlockBeats News, on February 25, an institution-focused exchange posted on social media that BTC options market data shows the densest support cluster is around $60,000, while the first dense resistance zone is around $82,000. In other words, $82,000 is the first threshold to open up further upside potential, while $60,000 is the key support to prevent accelerated downside.
In addition, the negative gamma zone is concentrated in the $60,000-$70,000 range, while positive gamma is clustered above $85,000 and $90,000. This indicates two market tendencies:
· A drop to $60,000 may accelerate
· A rise to $90,000 may lead to consolidation
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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