**๐ Bitcoin Volatility Expected Ahead of Conference ๐**
๐ **Market Sentiment**
- Traders are **divided**โsome expect a **sharp decline**, while others see Bitcoin hitting **$120K** before correcting.
- **Bearish traders** are increasing **options spread positions**, anticipating volatility.
- **SPX forecast** suggests **6650 by July**, which could influence Bitcoinโs trajectory.
๐ฅ **Key Factors Driving Volatility**
- **Bitcoin Conference (May 27โ29)**โMajor announcements could trigger price swings.
- **Profit-Taking**โWhales have sold **50,000 BTC**, adding selling pressure.
- **Institutional Moves**โETF inflows remain strong, supporting price stability.
๐ก **What to Watch**
- **$120K resistance**โIf Bitcoin breaks this level, expect a rally.
- **$102K support**โA correction could follow after the conference.
- **Options market activity**โBearish positioning suggests traders are hedging against downside risks.
๐ **#Bitcoin #CryptoMarket #VolatilityAhead**
Stay prepared.
