Bearish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell 41400 Call option of 27 January expiry @ $130</li>
<li>Buy 41800 Call option of 27 January expiry @ $80</li>
</ul>
Stop Loss: Spot level = $41400
Target: Premium = $0 in both legs
Payoff chart at Expiry:
<ul>
<li>Max Profit: $50/BTC</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-34367 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.29-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.29-AM-1024x462.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.29-AM-300x135.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.29-AM-768x346.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.29-AM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.29-AM-36x16.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.29-AM-48x22.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.29-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
The most recent movement in BTC suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts.
For risk management, we recommend setting a stop loss at 40500 to invalidate the aforementioned setup.
<img loading="lazy" decoding="async" class="aligncenter wp-image-34368 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-AM-1024x467.jpeg" alt="" width="525" height="239" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-AM-1024x467.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-AM-300x137.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-AM-768x350.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-AM-330x151.jpeg 330w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-AM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-AM-36x16.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-AM-48x22.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-25-at-10.28.47-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.

Bearish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Sell 41400 Call option of 27 January expiry @ $130
 	Buy 41800 Call option of 27 January expiry @ $80

S

Trade Setup 25 Jan 2024

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