TechFlow news, April 21 — Greeks.live released today's community briefing on social media, indicating the community remains cautiously optimistic in the short term but expects the market to trade sideways between a resistance level of $87,000–$88,000 and a support level of $85,300. There is broad consensus that Bitcoin may experience one final rally before reaching its peak, likely in May. Most traders are currently preparing for both upside and downside scenarios.
With limited price movement, open interest has significantly accumulated, suggesting a volatile move may be imminent;
Signs of a short squeeze have emerged, with Coinbase premium spiking to $20, amid rumors that Michael Saylor's buying activity is driving the price;
The group consensus holds that the market will remain range-bound before another upward attempt, with $90,000 potentially acting as a key resistance level, followed by a possible pullback in May;
Despite rising open interest, volatility remains relatively low (around 40%), creating opportunities for long Gamma strategies, while most traders focus on rolling over their positions.
