Technical Analysis:
BITCOIN is currently trading on a 1D FVG and price have already grabbed liq of PDL. We might see price heading towards 64000-65000 range again. We also have equal lows around 56500. If price gives us confirmation on 15min here for buying side we can enter for longs or we can wait for price take equal lows.
Fundamentals:
After gathering dust for months, applications to list options on spot Bitcoin BTCUSD exchange-traded funds (ETFs) are finally getting attention from regulators. Expect BTC ETF options to start trading on United States exchanges this year. Options on Ethereum ETHUSD ETFs will soon follow.
Options are contracts that grant the right to buy or sell — “call” or “put” in trader parlance — an underlying asset at a certain price. They are attractive hedging instruments (don’t you wish you locked in the right to sell BTC at $73,000?) and are popular with speculators, too.
Adding options trading may seem anticlimactic in the wake of BTC ETFs’ long-awaited launch in January. That couldn’t be further from the truth. Options are critical for institutional adoption — especially with highly volatile crypto ETFs. Plus, if existing crypto options are any indication, spot BTC ETF options will be a huge market.
Disclaimer: Trading carries risk. Practice effective risk management and consider your risk tolerance before trading.
