Coinbase: $82,000 is the first resistance level for Bitcoin to open up upward space
Coinbase Institutional posted on social media that BTC options market data shows the most concentrated support cluster is around $60,000, while the first dense resistance range is around $82,000.
This means that $82,000 is the first threshold to open further upward space, while $60,000 is the key support to prevent accelerated downward movement. Additionally, the negative gamma band is concentrated in the $60,000-$70,000 area, while positive gamma is clustered above $85,000 and $90,000.
This indicates two market tendencies:
A downward move to $60,000 may accelerate.
An upward move to $90,000 may enter a consolidation phase.
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