Greeks.Live: Bitcoin market may experience a trend reversal soon, but it's still not advisable to go heavy on long positions.
BlockBeats News, on May 27, Greeks.Live researcher Adam stated, "Yesterday, multiple tokens experienced unusual movements, and the volatility of Bitcoin has also increased significantly. The market may be about to change."
Although Bitcoin's realized volatility (RV) has risen significantly, implied volatility (IV) has not increased in tandem, and there is still no obvious rise compared to last weekend. The options market's response is clearly slower than price movements; this kind of indicator sluggishness usually signals that a major market move is imminent.
The Gamma Exposure (GEX) is heavily concentrated below at 75 thousand dollars, which provides strong support at this key price. However, if this level breaks, there is significant room to the downside. There is also heavy concentration above at 80 thousand dollars, so the chance of a direct breakout is low. Currently, it is not advisable to take heavy long positions—defensive tactics are recommended."
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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