Bitcoin: GEX Breach Weakens Open Interest Resistance

Bitcoin has started breaking below the GEX concentration zone, eroding open interest resistance while ETH follows through its own GEX level near $2000. Implied volatility stays suppressed with all maturities below 40% and far-end IV still falling despite three days of declines, leaving the May contract around 20%. Tomorrow’s monthly settlement will likely reshape options positioning as the market continues to bet on support without heightened breakout fears from large investors. On the 4h chart BTC trades at $73172.52 inside the Bollinger band with lower support at $72388.41, RSI(14) at 28.16 oversold and MACD death cross at -954.36, while price sits below both EMA50 at $76101.18 and EMA200 at $77041.59; this confluence suggests a test of the lower band before any relief toward the 50-EMA. Traders tracking BTC price prediction and crypto options settlement should monitor implied volatility compression for clues on the next directional move.