$ETH In the afternoon, the pancake is likely to be a "weak rebound + volatility before delivery": this morning just experienced a wave of downward movement, and in the afternoon, it needs to digest the impact of the options delivery (16:00). The probability of a direct V-shaped reversal is extremely low.
After the morning's lowest dip to 68100 - 68300, there will be a technical repair in the first half of the afternoon, attempting to rebound towards 69000 - 69500. However, this is mainly short covering, not a reversal signal.
Before and after (delivery window): Today is the quarterly options delivery day, with approximately 13.6 billion US dollars of contracts expiring, and the maximum pain point is at 75,000 (far above the current price). Market makers' hedging operations usually lead to prices fluctuating repeatedly within the range of $BTC
68500 - 69200, the volatility will temporarily amplify, but it is difficult to change the weak trend.
If the rebound cannot even reclaim 69,500, it is highly likely to fall back again to retest the support strength of 68,000.
Upper resistance: 69,500 (1-hour Bollinger middle track/weak pressure) 70,000 (psychological barrier, strong pressure).
Lower death line: 68,000. If it breaks down here with increased volume, it will head straight for the 67,500 - 67,800 area #国际油价下跌 #特朗普希望尽快结束对伊朗战争 #特朗普称对伊战争已胜利