Bitcoin's short-term trajectory is influenced by a $4.3 billion options expiry that reveals a neutral-to-bullish outlook among traders. A surge in Bitcoin's price past $114,000, following favorable earnings from Oracle, has raised hopes for an upward movement towards $120,000. Currently, put options dominate the market, yet the strong performance in call options suggests potential for upward momentum. The key factor will be whether Bitcoin can maintain levels above $113,000, which could ignite significant call contracts. However, macroeconomic uncertainties, including weak US employment data and concerns over AI sector growth, pose a risk to this optimism. If Bitcoin holds above $112,000 into the expiry, the positive outlook will be supported; conversely, a drop below $111,000 could shift the advantage to put options, highlighting the critical influence of macroeconomic factors on Bitcoin's market performance. The upcoming expiry is expected to determine short-term market direction, amidst fluctuating employment data and recession fears.

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