Bitcoin rebounds above $62,100, but traders flag $66,000–$68,000 as a weekend resistance trap
AI Market Summary
A weaker US jobs report pushed the dollar lower and reduced perceived near-term Fed tightening risk, supporting a relief bounce in Bitcoin above $62k. However, Deribit options still show elevated downside hedging (25-delta put-call skew ~16%), while a large July 17 call-condor concentrates positioning around $66k–$68k, potentially acting as near-term resistance. With US equities closed, thin liquidity may amplify moves driven by options flows.
Impact level
● Medium
Affected assets
BTC/USDT+0.24%
AI Insight · BTC/USDTAI Insight
● Neutral
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A softer-than-expected US jobs report pushed rate-hike odds lower and sent the dollar toward its biggest weekly drop since early April, helping Bitcoin rebound above $62,100. Options positioning remains defensive: Deribit data show the one-week 25-delta put-call skew near 16%, indicating puts still trade at a premium to calls. A large July 17 call-condor structure with strikes at $64,000/$66,000/$68,000/$70,000 concentrates resistance in the $66,000–$68,000 band, and thin holiday liquidity could leave price action heavily driven by that setup.
