BTC BULLISH BUZZ - CALL SPREADS

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: 770/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.