Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell 43000 Call option of 24 January expiry @ $90</li>
<li>Sell 39000 Put option of 24 January expiry @ $90</li>
</ul>
Stop Loss: Premium  = $180 in each leg
Target: Premium = $0 in both legs
Payoff chart at Expiry:
<ul>
<li>Max Profit: $180/BTC</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-34345 size-large" src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.16.07-AM-1024x630.jpeg" alt="" width="525" height="323" srcset="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.16.07-AM-1024x630.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.16.07-AM-300x185.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.16.07-AM-768x473.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.16.07-AM-24x15.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.16.07-AM-36x22.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.16.07-AM-48x30.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.16.07-AM.jpeg 1196w" sizes="(max-width: 525px) 100vw, 525px" />
 
Rationale:
After a remarkable uptrend in BTC, we witnessed a pullback from the 45000 levels, resulting in a decline in BTC’s value to 41000. We have a support areas / demand zone at 40000 levels on 4 HR time frame.
Consequently, the price is now caught between newly established support and resistance areas in the recent price movements, rendering BTC sideways in the short term.
<img loading="lazy" decoding="async" class="aligncenter wp-image-34346 size-large" src="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.15.36-AM-1024x485.jpeg" alt="" width="525" height="249" srcset="https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.15.36-AM-1024x485.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.15.36-AM-300x142.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.15.36-AM-768x364.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.15.36-AM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.15.36-AM-36x17.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.15.36-AM-48x23.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-22-at-10.15.36-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.

Sideways View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Sell 43000 Call option of 24 January expiry @ $90
 	Sell 39000 Put option of 24 January expiry @ $90

S

Trade Setup 22 Jan 2024

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