BTC: Short Strategy Post-Squeeze to $47,700 with Options

9 ก.พ.

As anticipated, BTC is nearing its highs, having successfully breached the 44k level. Seeing potential for a short even from these levels, my plan is as follows: I await a sideways movement between 46K and 47k, followed by a squeeze around $47,700. Subsequently, I expect a drop back to 44k. To capitalize on this scenario, I intend to use a Put spread strategy with options expiring on February 23.