Technical analysis by EyeDoctor about Symbol BTC on 12/21/2025

Indecision prevails in the market and it is stuck in the 85-90k range. The reason is the big players in the options market Expiry date for million dollar contracts with high gamma effect on December 26 Call at 90k taken for hedge purposes; There is a PUT wall at 85k. The high positive gamma effect in this band causes a hedge in the opposite direction whenever the price moves out of the band. Market Makers (Option sellers) stabilize the price in this region. (Delta hedging) The goal is for options to expire worthless at maturity. The price becomes more stable as it gets closer to the expiration date. The real direction becomes clear after this date when the gamma effect disappears.