#Trump: I love $TRUMP Recently, the Bitcoin market has shown a complex situation of intertwining bullish and bearish trends. However, after the Federal Reserve (Fed) announced a slowdown in the reduction of its balance sheet, the price of Bitcoin rebounded from below $83,000 and successfully broke through $87,000 today.
Market analysts pointed out that trader sentiment is gradually becoming optimistic, with an increase in demand for call options, and prices are rising accordingly. However, the uncertainty in the macroeconomy still exists, and the future direction of the market remains unclear.
Market sentiment is becoming optimistic
Analysts at QCP Capital pointed out that the demand for call options is increasing, and traders' confidence in Bitcoin is strengthening. This situation contrasts sharply with the market atmosphere earlier this week when there was higher demand for put options.
Call options give traders the right to buy an asset at a specific price within a specific time, while put options give traders the right to sell an asset at a specific price within a specific time.