Bullish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell 42500 Put option of 12 January expiry @ $350</li>
<li>Buy 42000 Put option of 12 January expiry @ $300</li>
</ul>
Stop Loss: Spot level = $42500
Target: Premium =$0 in both legs
Payoff chart at Expiry:
<ul>
<li>Max Profit: $50/BTC</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-34257 size-large" src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.44-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.44-AM-1024x462.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.44-AM-300x135.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.44-AM-768x346.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.44-AM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.44-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.44-AM-48x22.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.44-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
 
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.
 
<img loading="lazy" decoding="async" class="aligncenter wp-image-34259 size-large" src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM-1024x467.jpeg" alt="" width="525" height="239" srcset="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM-1024x467.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM-300x137.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM-768x350.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM-330x151.jpeg 330w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM-48x22.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-10-at-9.57.21-AM.jpeg 1330w" sizes="(max-width: 525px) 100vw, 525px" />
Disclaimer: This report must not be used as a singular basis of any trading decision. Please refer to <a href="https://www.delta.exchange/research-disclaimer">https://www.delta.exchange/research-disclaimer</a> for analyst disclaimer and other disclosures.

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Sell 42500 Put option of 12 January expiry @ $350
 	Buy 42000 Put option of 12 January expiry @ $300

S

Trade Setup 10 Jan 2024

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