Bitcoin($BTC ) just smashed past $123K 🚀 but don’t expect it to moon immediately. We might be stuck between $120K–$130K for a bit—and here’s the alpha 🧠:
1️⃣ Market Makers Playing Ping-Pong
Options dealers are long gamma from $120K–$130K. Translation? They’ll buy the dip and sell the rip to stay balanced ⚖️—aka keeping $BTC rangebound.
2️⃣ DVOL Says “Cool Off” Time?
Bitcoin volatility index (DVOL) is turning up again after chilling at 36% 😶🌫️. If it keeps rising, $BTC could cool off too.
3️⃣ DXY Comeback = Crypto Cap?
The dollar index (DXY) just flipped bullish 📈. A stronger dollar could temporarily slow BTC’s pump—classic dollar vs. digital gold standoff 💥.
🧠 TLDR: BTC’s still bullish overall, but don’t be shocked if it chops around in the $120K–$130K zone for a bit.
