Bullish View on BTCUSDT
Trade:
Sell 48500 Call option of 12 January expiry @ $270
Buy 49000 Call option of 12 January expiry @ $200
Stop Loss: Spot level = $48500
Target: Premium =$0 in both legs
Max Profit: $70/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45900 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
Trade:
Sell 48500 Call option of 12 January expiry @ $270
Buy 49000 Call option of 12 January expiry @ $200
Stop Loss: Spot level = $48500
Target: Premium =$0 in both legs
Max Profit: $70/BTC
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45900 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.