Options Expiration and the New Bitcoin Price Zone at 60k

The closing of the first quarter of 2026 was marked by the expiration of US$ 14 billion in Bitcoin options on Deribit. The event removed the artificial support that kept the price close to US$ 75.000, triggering the expected volatility.

Key Points of Technical Analysis:

* Price Adjustment: BTC retreated to the range of US$ 65.500 – US$ 66.500 shortly after expiration, losing the short-term averages (MA7 and MA25).

* Indicators: The RSI fell to 42 points, indicating a cooling of buying strength. The MACD confirmed a bearish crossover on the 4h chart.

* Critical Support: The focus now is on MA99 ($63,200). According to Dow Theory, the primary uptrend remains intact as long as the price sustains a bottom above US$ 60.800.

Attention Levels:

* Resistance: US$ 68.500 (previous support to be reclaimed).

* Support: US$ 63.200 (MA99) and US$ 60.000 (psychological barrier).