Bitcoin Price Surges to $109.5K Amid Soaring Strategic Reserve Odds

The inauguration of Donald Trump has heightened market expectations for pro-crypto policies, particularly the potential establishment of a Bitcoin Strategic Reserve (SBR). Key developments include:

Polymarket odds for the SBR initially dropped below 40% but rebounded to over 50% shortly before the inauguration.
The price of BTC surged from $102K to $109.5K prior to the event.
Options traders are anticipating volatility, with max pain levels at $102K and $103K for January 20 and 21 expiries.
Put options show high Open Interest at $96K and $97K, while call options dominate with $85M notional value for January 21.
The put/call ratio is 0.58, indicating stronger bullish sentiment in the Options market.
25RR indicator shows positive sentiment at 12.9 volatility, suggesting significant price movements are expected.
BTC is nearing resistance levels between $105K and $108K, with potential targets of $112K, $116K, and $120K if bullish momentum continues.
Key support levels are identified at $96K and above $100K for potential retracements.