Bitcoin Bullish Buzz - BULL CALL Spread

Bullish View on BTCUSDT

Trade:

Buy 38500 Call option of 17 November expiry @ $210
Sell 39500 Call option of 17 November expiry @ $105

Stop Loss: Spot level = $35800

Target: Spot level of $39500

Max Profit:

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 36800 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.

Moreover, we've observed a significant surge in open interest (OI) for out-of-the-money (OTM) put options expiring on November 17. This uptick in OI for such options further bolsters our confidence in the current market conditions.

액티브 트레이드

Small typo error- please read the second leg as-

Sell (2x) 39500 Call option of 17 November expiry @ $105 each

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