Bitcoin View on expiry..
May 28:Bitcoin: We saw $2000+ jump in btc price after President Biden proposal. But BTC again face resistance at 40k and drop. This is more look like whale manipulation before Monthly options expiry.Although 1 hr btc chart shows bearish head and shoulder pattern which target can be near 33k but we will not surprise if it bounce before 36k.
Near 2billion monthly options contract going to expire in less than 3 hr. and we can see volatility both side.
point to note that In last 4 month , btc price jump 7%-20% after monthly expiry.
Global Market green today which is also a reason to not trust on this BTC price movement.
Near 2billion monthly options contract going to expire in less than 3 hr. and we can see volatility both side.
point to note that In last 4 month , btc price jump 7%-20% after monthly expiry.
Global Market green today which is also a reason to not trust on this BTC price movement.
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