Strike Price Represented by the green line. Price thought to get closer to strike so move contracts should decrease.
With the bullish Gartley, lots of selling and a failure to go lower, holding the POC and macd/ rsi/ candlestick confluenc it is possible for the btc move contracts to continue working their way closer to 0 as the day progresses
Price is located 2 standard deviations from vwap and 10, 20 MA's look like they want a bullish cross
There is also an approximate 2000 btc OI zone from 48570-48850.... this should provide resistance.