Bullish View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Buy 35600 Call option of 2 November expiry @ $170</li>
<li>Sell (2x) 36600 Call option of 2 November expiry @ $75 each</li>
</ul>
Stop Loss: C-BTC- 35600 Premium =  $5
Target: Spot level of $36600
Payoff chart at Expiry:
<ul>
<li>Max Profit: $1000/BTC</li>
<li>Max Loss: $15/BTC</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-32944 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-5.06.45-PM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-5.06.45-PM-1024x462.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-5.06.45-PM-300x135.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-5.06.45-PM-768x346.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-5.06.45-PM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-5.06.45-PM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-5.06.45-PM-48x22.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/10/WhatsApp-Image-2023-10-31-at-5.06.45-PM.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 29400 and 30400 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 2. This uptick in OI for such options further bolsters our confidence in the current market conditions.
<img loading="lazy" decoding="async" class="aligncenter wp-image-32946 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-1024x465.png" alt="" width="525" height="238" srcset="https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-1024x465.png 1024w, https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-300x136.png 300w, https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-768x349.png 768w, https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-1536x698.png 1536w, https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-330x151.png 330w, https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-24x11.png 24w, https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-36x16.png 36w, https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1-48x22.png 48w, https://static.delta.exchange/wp-content/uploads/2023/10/My_Delta_TV_Snapshot-1.png 1873w" 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.

Bullish View on BTCUSDT

Welcome to Daily Trade Setups.

Trade:

 	Buy 35600 Call option of 2 November expiry @ $170
 	Sell (2x) 36600 Call option of 2 November expiry @ $75

Trade Setup 31 Oct -3 23