Bullish View on BTCUSDT

Trade:

Buy 44600 Call option of 6 January expiry @ $330
Sell (2x) 45600 Call option of 6 January expiry @ $170 each

Stop Loss: Spot level = $41000

Target: Spot level of $45600

Max Profit: 11010/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 45000 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.
Chart PatternsTechnical IndicatorsTrend Analysis

Penafian