On December 26th, we will experience the most important derivatives event of the year. With the massive expiration of options, the market is preparing for extreme volatility. Here I explain why 94,000 is the key to everything.
📉 The Current Scenario: 85K - 100K in $BTC
Data from Deribit shows a massive concentration of positions at two critical levels that are acting like magnets:
Support at 85,000: This is where most Put options (bets on the downside) are accumulating. If the price falls, this level will serve as an institutional buffer.
Ceiling at 100,000: This is the level with the highest concentration of Call options (bets on the upside). Big players have "marked" this price as the final psychological and technical target.
🧱 The Wall of 94,000
For the dream of $100,000 to become a reality before the year ends, Bitcoin MUST break the resistance of 94,000.
Technical Resistance: This level coincides with the 61.8% Fibonacci retracement and has recently rejected the price.
The "Short Squeeze": If we break 94k with volume, we force market makers to cover their positions, which could rapidly catapult the price into six figures.
💡 My Forecast
Now is the time to buy; it will break those 94K.
Bullish Scenario: Confirmed break of $94,000 ➔ Explosive rally to $100,000.
Consolidation Scenario: If we do not manage to exceed $94k, it is likely that the price will oscillate sideways in the range of $88,000 - $92,000 until the close on Friday the 26th.
Point of interest: The "Max Pain" (the price at which most options expire worthless) is currently around $98,000, suggesting that the market has incentives to push the price up before the close.
This is not financial advice
Have a nice day