Bitcoin experienced a V-shaped recovery over the weekend, driven by geopolitical developments involving the U.S. and Iran. As U.S. stock markets prepare to open, further impacts on Bitcoin are anticipated. The recent options expiry has reduced Gamma constraints, with the $78,500 level remaining a critical pivot point for bulls and bears. In the short term, Bitcoin is expected to maintain a bullish bias if it holds above the $77,000 to $78,000 range. A breakout above $80,000 could reignite bullish sentiment, particularly in call options. Despite low short-term implied volatility, naked option buying remains attractive, though strategies like call spreads or put spreads are recommended to manage costs amid expected volatility. Traders may consider increasing positions if Bitcoin breaks above $80,000 or falls below $77,000.