📊Today’s #BIT# Daily Chart - May 4, 2026 ⬇️ Sentiment Hasn’t Rolled Over Yet — Bitcoin May Still Have Room to Run #BIT# #Bitcoin# #BTC# #CryptoMarket# #MarketSentiment# #FearAndGreed# #DigitalAssets#

In general, the 20-30% market red candle always come when the sentiment is over-hyped, I'd use multiple indicators & observe the ct market sentiment as well. Will make a twitter post when I see signs of market peaking.

📈 #Bitcoin# reclaimed the $80,000 level for the first time since Jan 31, while continuing to face resistance around the $80K–$82K range. According to Tim Sun @TiezhuCrypto, Senior Researcher at HashKey Group, the current market structure reflects a rebound amid ongoing macro uncertainty. He noted that de-escalation in U.S.-Iran tensions and a clearer Fed pivot toward easing could help improve broader market sentiment. Read more

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May 8 Options Expiration Data 20,000 BTC options are expiring, with a put-call ratio of 0.73, a max pain point of $79,500, and a notional value of $1.6 billion. 182,000 ETH options are expiring, with a put-call ratio of 0.93, a max pain point of $2,350, and a notional value of $410 million. This week, Bitcoin rose steadily from $75,000 to $82,000 before pulling back last night. Despite the positive price action, market sentiment has remained relatively calm. Major-term options and short-term implied volatility (IV) remained unchanged from last week, while short-term IV saw a slight increase. Bitcoin’s primary short-term IV hovers around 35%, while ETH’s primary short-term IV is near 50%; both medium- and long-term IVs have also seen modest declines. Looking at key options data, Skew remains relatively stable with a very slight increase, and the market’s directional sentiment remains neutral. Only 5% of options expire this week, with extremely low options activity and futures trading volume at historic lows. Open interest stood at approximately 20% at the end of May and 30% at the end of June, while block trades have been relatively inactive—all of which are signals of a consolidation phase. In the second quarter of this year, Bitcoin performed well in terms of both price and market sentiment, but overall market enthusiasm remains subdued. Currently, the focus is primarily on Bitcoin trading, and it makes sense to position for some medium- to long-term options. Additionally, investing in some high-quality altcoins appears to offer good value for money.