BTC USD Volatility 02 June 2022
The current percentile of BTC is around 28.77%.
The current implied volatility is around 76.12 -> which translates into a daily movement of 3.98%
At the same time, this translates in an aproximate +-1200$ movement

For this we can assume close to 80% probability of efficiency based on the last years data.

Based on this our channel for today is going to be, assuming the opening price is 29800
TOP 29800 + 1192 ~= 31000
BOT 29800 – 1192 ~= 28600
This strategy is perfectly suited for an iron condor

At the same for those that are looking for entry points in case they want to go long call/put or a reverse iron condor,
instead of normal iron condor we can make use of next data:
Based on the last years, we can expect that the asset is going to move more than 1% which translates into a +- 300$ movements.
And this comes with a 70-75% probability based on the last years.

TOP 29800 + 300 ~= 30100 => as an entry point for long where we can use the opening price as a stop loss
BOT 29800 – 300 ~= 29500 => as an entry point for short where we can use the opening price as a stop loss