Why the Market is Down with Bitcoin Options Expiring By DailyCoin
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Why the Market is Down with Bitcoin Options Expiring- The crypto market cap bounced at a support level after breaking out from the $1.04 trillion resistance area.
- A large volume of options is set to expire today (February 24th) at around 4 pm UTC.
- The last major contract expiry occurred late in December of 2022.
The crypto market cap has fluctuated within a key resistance area but remains above the recently validated $1.04 trillion support level. The possibility of a bearish reversal remains as traders closely monitor the put/call ratio, with many Bitcoin options set to expire today. These are the things that you should be looking out for.
Support Validation and Bearish Divergence on The Market Cap
On February 15th, the market cap had broken through the $1.04 trillion resistance level and validated…
Continue Reading on DailyCoin
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Why the Market is Down with Bitcoin Options Expiring- The crypto market cap bounced at a support level after breaking out from the $1.04 trillion resistance area.
- A large volume of options is set to expire today (February 24th) at around 4 pm UTC.
- The last major contract expiry occurred late in December of 2022.
The crypto market cap has fluctuated within a key resistance area but remains above the recently validated $1.04 trillion support level. The possibility of a bearish reversal remains as traders closely monitor the put/call ratio, with many Bitcoin options set to expire today. These are the things that you should be looking out for.
Support Validation and Bearish Divergence on The Market Cap
On February 15th, the market cap had broken through the $1.04 trillion resistance level and validated…
Continue Reading on DailyCoin
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