BTC PUT Spread - Retraces to base

Bullish View on BTCUSDT

Trade:


Sell Put Spread -  BTC  - 41600 - 41200- 17  January expiry at $45

Stop Loss: Spread Premium = $90

Target: Spread Premium = $0

Max Profit: 445/BTC

Max Loss : 445/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 45800 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 and has retraced back to its base area of 41800$. This steadfast adherence underscores the robust buyer sentiment in the market.
Chart PatternsTechnical IndicatorsTrend Analysis

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