Bitcoin Dey Face Increased Volatility As US Election Dey Near $90K Mark
Dem dey expect Bitcoin to face more shakara for market as US election dey come and as the price dey near $90,000. Trading company QCP Capital dey expect say market go sell Bitcoin after election, like how e don happen before, and this one fit make the price fall. Market makers, wey dey short gamma near this price level, fit use hedging to make market shake more, dem go dey sell when price dey fall and buy when price dey rise so market go dey balanced. This thing fit cause market to dey change before the quarterly options settle on Friday, and this fit affect how price dey move. Even with the shakara wey dem dey expect, some traders dey show face, dem dey buy Bitcoin dey hold. Analysis show say price fit go up after settlement, just like how PAXG dey do, wey dey find support after price fall and dey meet resistance after price don rise well well.
Neutral
E be like say cryptocurrency market wan shake bodi well-well because of important things wey dey happen like US election and Bitcoin price wey dey near $90,000. Although QCP Capital dey expect 'sell-the-news' effect wey go make market fall after election, the way people dey feel bullish, wey show say dem dey buy more, dey show say things fit better. How market makers dey protect themselves against short gamma fit make price change sharp-sharp, but the settlement of quarterly options wey dey come fit cool things down small. As things dey mixed like this, market no dey lean one side, we dey expect price to go up and down.