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Black Friday tonight, the market is destined to be unstable!
The three major explosive events combined: CPI, Bitcoin options expiration, and Iran-U.S. negotiations!
Although Iran-U.S. talks have started, disagreements are huge; YL demands including Lebanon, while Israel and the U.S. firmly oppose. The next two weeks will mainly be negotiations versus battlefield, making it difficult to reach a real consensus. For Bitcoin, geopolitical risks still loom large, and market risks and opportunities coexist!
At 20:30, March CPI data will be released, which is the first complete inflation data accounting for Iran conflict and oil price increases. It’s unlikely to look very good. But the market logic has already changed; institutions have pre-absorbed a lot of expectations. While a single CPI is unlikely to cause extreme market movements, the combined impact is not to be underestimated!
Adding to that, today’s $23.6 billion Bitcoin options expiration, with call options concentrated at 75,000-80,000 and puts at 65,000, is one of the largest in recent times, which will directly amplify volatility.
Currently, Bitcoin is oscillating narrowly around 72,000, with the 4-hour Bollinger Bands tightening. The market is at its limit, just waiting for tonight’s opportunity to act!
The window of opportunity is about to open, and naturally, we want to seize the chance to profit. How about you? #BTC