BTC above $80,000 may trigger call option buying, says Greeks.live analyst

According to Adam, an analyst at Greeks.live, BTC’s weekend V-shaped rebound was primarily driven by U.S.-Iran news, and some residual effects may persist after U.S. markets open. He noted that after this week’s settlement, gamma constraints have eased, with $78,500 serving as the current key pain point and pivotal level for bulls and bears. If BTC holds above the $77,000–$78,000 range, it is likely to remain range-bound with a bullish bias; if it breaks above $80,000, the call option side could reignite momentum-driven buying. Current short-term implied volatility remains low; consider using strategies like call spreads or put spreads to manage costs, or wait for a breakout above $80,000 or a breakdown below $77,000 before adding positions.