Bitcoin has been hovering between 62,000 and 64,000 since September 19. It barely reached 64,818 yesterday, but it still failed to break through the pressure level of 65,000. What are they waiting for?
1. Both the bulls and the bears are tacitly aware of the pressure level of 65,000, like two boxers who have been fighting for a long time and are almost exhausted. Now, no one wants to make a move easily, but waits for external forces to break the balance. A piece of news, a word, even if Musk just shouts casually, may immediately break through 65,000 and rush to the second pressure level of 70,000. On the contrary, if Trump suddenly turns his face, Harris takes the lead, or there are changes after CZ is released from prison, Bitcoin may fall back to around 60,000.
2. This Friday, September 27, is the delivery date for Bitcoin options. This is not a trivial matter, especially since the trading logic of the options market is quite complicated. The basic principle of options is bullish and bearish, but around the delivery date, the market often fluctuates significantly. Tomorrow is the last Friday of this month, and the derbit platform will deliver a large number of options again. The biggest pain point price is 58,000, which means: this price is the least friendly to buyers and sellers make the most money.
So, how does the market generally go before and after delivery? Past rules tell us that the volatility on the day of delivery is usually not large, but in the next 2-3 days, the market often ushered in a wave of pull-ups and then callbacks. Therefore, there may be a larger rebound next week, let's wait and see.
Let's take a look at two key indicators. The BTC tuck ahr999 index is currently 0.74, below 1.2, which means that it is a good time to increase positions. The cost of 200-day fixed investment is about 63,780, that is, Bitcoin below 64,000 is very cost-effective.
Finally, to sum up, the global water release mode has been turned on again, and Bitcoin does not have much time to hesitate. November may usher in a second wave of interest rate cuts, and time is running out. When encountering a callback, especially when the daily RSI falls below 30, don't hesitate to increase your position in batches! Even if you are trapped, you won't be trapped for too long. We are now at the end of the mid-term adjustment, and the most difficult time is over.
