Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell Call Spread –  BTC  – 44400 – 44800– 31  January expiry at $55</li>
</ul>
Stop Loss: Spread Premium = $110
Target: Spread Premium = $0
Payoff:
Max Profit: $55BTC
Max Loss : $55/BTC
<img loading="lazy" decoding="async" class="aligncenter wp-image-34379 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.00-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.00-AM-1024x462.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.00-AM-300x135.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.00-AM-768x346.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.00-AM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.00-AM-36x16.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.00-AM-48x22.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.00-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
Rationale:
BTC has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 45800 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones and has retraced back to its base area of 41800$. This steadfast adherence underscores the robust buyer sentiment in the market.
 
<img loading="lazy" decoding="async" class="aligncenter wp-image-34380 size-large" src="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-AM-1024x467.jpeg" alt="" width="525" height="239" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-AM-1024x467.jpeg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-AM-300x137.jpeg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-AM-768x350.jpeg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-AM-330x151.jpeg 330w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-AM-24x11.jpeg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-AM-36x16.jpeg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-AM-48x22.jpeg 48w, https://prod-wp.delta.exchange/wp-content/uploads/2024/01/WhatsApp-Image-2024-01-30-at-10.14.45-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.

Trade Setup 30 Jan 24

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