[Analysis: Strong Support at $60,000 for Bitcoin Around This Friday's Options Expiry, Indicating a Potential Short-Term Bottom] BlockBeats News, June 24 — Analyst Murphy stated that Bitcoin has strong support near $60,000 around the June 26 (this Friday) options expiry, making it unlikely to break below this level easily. On the corresponding Gamma chart, the $59,000 to $62,000 range shows significant positive Gamma, and market makers' hedging activities will suppress volatility, keeping the price likely anchored within this range. Additionally, there is a substantial accumulation of 4,620 BTC in Put options open interest at the $60,000 strike price, forming a strong Put wall. When the price approaches this level, it will generate significant buying pressure, providing solid support. Historically, similar options structures have often corresponded to short-term bottoms or the end of correction phases. Analyst Murphy believes that $60,000 remains a strong support level in the short term and maintains cautious optimism about the near-term market outlook. [Original Link]