After Bitcoin hit the 100k milestone last night it begs the question, where to from here? I believe that IBIT will be a game changer for Bitcoin as dealer position is now available to those who have the resources to decipher it.
Using IBIT, we can see that $60 is a major call wall for the Dec expiry, with the uber bull target being at $65 though it is less likely to see the latter as buyers would need a massive push in order to break the largest GEX leg at 60. These levels translate out to about $105,000, and $114,000 BTC respectively. In other words, a trader looking to take profits would likely do so into these areas as dealers will likely defend these large call walls. For access to premium trading content including swing trade alerts & live day trading room visit - account.carnivoretrades.com
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