Analysis: The market is betting on $80,000 as strong support and $100,000 as strong resistance
BlockBeats News, November 30, on-chain data analyst Murphy stated that options trading data shows a large amount of $80,000 Calls (bullish options) being bought, and a significant increase in both $100,000 Calls (bullish options) being sold and Puts (bearish options) being bought. The market is betting on $80,000 as a strong support level, with bulls positioning at the bottom. Meanwhile, $100,000 is being bet as a strong resistance level by the market, with bears believing this price is difficult to break through and increasing protection against a breakout risk.
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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