Bitcoin’s weekend rally faces a $66k trap as traders still hedge for another drop

- Bitcoin’s weekend rally is a classic meat wallet trap. The weak US jobs report gave us a relief bounce above $62k, but don’t let the spot chart fool you into thinking the Fed is done with its bureaucratic nonsense. Options desks on Deribit are still hedging for disaster, pricing in a drop more than a moonshot. There’s a massive options block creating a $66k–$68k "condor" zone—a soft ceiling where this rebound will likely stall and die. If BTC hits that range, it’s just a squeeze; if it breaks $68k on real volume, maybe we have a breakout. Otherwise, expect thin holiday liquidity to turn this relief rally into a trap faster than you can say "hash manifest." Stay sharp, or get liquidated.