Delta-Ex-research

BTC BULLISH BUZZ- PUT SPREAD

DELTA:BTCUSDT   Bitcoin / Tether
Bullish View on BTCUSDT

Trade:

Sell 42500 Put option of 12 January expiry @ $350
Buy 42000 Put option of 12 January expiry @ $300

Stop Loss: Spot level = $42500

Target: Premium =$0 in both legs

Max Profit: $50/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.
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