Although the crypto market has shown signs of recovery recently, it's still unknown how far the rebound can go after such a prolonged decline. Because crypto has always had liquidity issues, short-term price trends are heavily influenced by options. I've been observing the max pain on the options chain as an auxiliary judgment, and data shows that options expiring on 3.27 with BTC at 75k / ETH at 2.4k are the max pain points.
If it can break through, it would be a short squeeze scenario, but it's likely to be difficult. This can be used as a reference.
$BitMine Immersion Tech(BMNR.US)
$iShares Bitcoin Trust ETF(IBIT.US)
$IShares Ethereum Trust ETF(ETHA.US)
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