Analysis: There is strong support at $60,000 before and after the Bitcoin options expiration this Friday, indicating a potential short-term bottom

Analyst Murphy stated that there is strong support around $60,000 before and after the expiration of Bitcoin options on June 26, making it difficult to break below that level easily. In the corresponding Gamma chart, the range of $59,000 to $62,000 shows a clear positive Gamma, and the hedging behavior of market makers will suppress volatility, making it easier for the price to be fixed in that area. At the same time, there is a significant accumulation of Put options with a strike price of $60,000, totaling up to 4,620 BTC, forming a strong Put wall that will generate substantial buying power and provide solid support as the price approaches. Historically, when similar options structures have appeared, they often correspond to phase bottoms or the end of pullback stages. Analyst Murphy believes that $60,000 remains a strong support level in the short term and is cautiously optimistic about the short-term market performance.