Bitcoin: Retests 75K Strike Ahead of Options Expiry

Bitcoin retested the 75K strike, a high gamma zone that pulled price down to 72.5K ahead of this morning’s major options expiry, with BTC options data exposing fresh positioning, volatility expectations, and market sentiment.

Price action shows BTC at $74240.56 sitting below the EMA50 resistance at $75590 and the EMA200 at $76868.62 in a clear bearish trend structure, while the MACD golden cross at -744.04 hints at building momentum; with RSI(14) neutral at 44.34 and price trading inside the Bollinger Bands between $72085.2 support and $76836.31 upper resistance, a healthy retracement toward the 50-EMA support at $75590 appears probable before any continuation attempt.