skyline-trader

Whispers from Options - BTC

CME:BTC1!   Bitcoin CME Futures
We observe weakness/Bears dominating BTC market recently. Options Sentiment Indicator is giving mixed signals (overall we see bullish sentiment from Options traders but more volume is within PUT options still).

  • 4 Virgin VPOCs are awaiting retest and are located above current price in comparison to 1 VPOC below current price - Bullish pressure
  • area of 46000 is major/key level, worth observing
  • from Options OrderBook of contracts expiring in 26 days (28th January 2022) - there are no strong resistance levels (!!) - Bullish pressure. However major support levels (a lot of CALL orders awaiting) are relatively low - 35,36 k
  • on H4 we see multiple Demand Signals coming from VSA Scanner software near 46 000 level

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