Today at 16:00 UTC, the world's largest options expiration takes place, with a total of $23.7 billion. Historical data shows that after expiration, there are often intense fluctuations, and the market tends to move in a single direction, potentially breaking the wide-range consolidation pattern seen over the past month.
In the short term, the price is still oscillating within this range. The moving averages have already formed a golden cross, and the candlestick pattern shows a bullish engulfing, indicating a strong desire for a rebound on smaller timeframes. But the problem is — volume is not supporting the move, and it can't climb much higher. For now, it's best to treat this as a consolidation phase.
The key support level is at 8780. As long as it holds, small-scale rebounds still have a chance. Short-term traders should keep an eye on this level.
Resistance above is concentrated around 8950-9000. If that area can't be broken, then watch whether 8780 can hold. If broken, the next targets are 8680-8520.
A similar logic applies here: the 2995-3018 range is the current battleground. The critical support is at 2942. If broken, the next targets are 2900-2850.
A reminder: short-term volatility is high, so how you manage your positions and set your defenses should depend on your own situation. Flexibility and adaptability are the most important.
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Blockblind
· 19h ago
23.7 billion in options settlement, get ready for a slap... This wave will either explode or break through, the calm before the storm is coming.
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RektButAlive
· 19h ago
$23.7 billion settlement, and it's time to gamble again. So exciting.
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The trading volume can't keep up, yet they still expect a rebound. Isn't this just a false breakout?
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Every time they mention a golden cross, it just ends up oscillating again. It's a routine.
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I'm already tired of the 8780 level. When will it finally break?
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ETH really has no momentum, just hovering between those two numbers.
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Short-term volatility is huge, but it's just the whales shaking out the weak hands.
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It's always about defense, but in the end, it still has to break. I've seen through it long ago.
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Is the Fed's rate cut expectation heating up reliable? Feels like hype.
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Let's wait until after the settlement to see. Entering now is just throwing money away.
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metaverse_hermit
· 19h ago
$23.7 billion settlement, can this wave really break the volatility? Feels like it's just another trap for long and short traders.
#美联储降息预期升温 December 26th $BTC/$ETH Trading Ideas
Calm before the storm — Major event incoming
Today at 16:00 UTC, the world's largest options expiration takes place, with a total of $23.7 billion. Historical data shows that after expiration, there are often intense fluctuations, and the market tends to move in a single direction, potentially breaking the wide-range consolidation pattern seen over the past month.
Regarding $BTC
In the short term, the price is still oscillating within this range. The moving averages have already formed a golden cross, and the candlestick pattern shows a bullish engulfing, indicating a strong desire for a rebound on smaller timeframes. But the problem is — volume is not supporting the move, and it can't climb much higher. For now, it's best to treat this as a consolidation phase.
The key support level is at 8780. As long as it holds, small-scale rebounds still have a chance. Short-term traders should keep an eye on this level.
Resistance above is concentrated around 8950-9000. If that area can't be broken, then watch whether 8780 can hold. If broken, the next targets are 8680-8520.
Regarding $ETH
A similar logic applies here: the 2995-3018 range is the current battleground. The critical support is at 2942. If broken, the next targets are 2900-2850.
A reminder: short-term volatility is high, so how you manage your positions and set your defenses should depend on your own situation. Flexibility and adaptability are the most important.