Sideways View on BTCUSDT
Welcome to Daily Trade Setups.
Trade:
<ul>
<li>Sell Put Spread – BTC  – 42400 – 42200 –  8  December expiry at 45$</li>
</ul>
Stop Loss: Spread Premium of $90
Target: Spread Premium of $0
Payoff:
Max Profit: $45/BTC
Max Loss : $45/BTC
<img loading="lazy" decoding="async" class="aligncenter wp-image-33990 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM-1024x462.jpeg" alt="" width="525" height="237" srcset="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM-1024x462.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM-300x135.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM-768x346.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM-24x11.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM-48x22.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.35.31-AM.jpeg 1122w" sizes="(max-width: 525px) 100vw, 525px" />
 
Rationale:
After BTC experienced a remarkable rise, there was a pullback from the 44490 levels, resulting in a decrease in BTC’s value to 43574.
Amid the BTC uptrend, a demand zone emerged at approximately 42300, indicating the potential for price retracement to this demand zone.
<img loading="lazy" decoding="async" class="aligncenter wp-image-33991 size-large" src="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-AM-1024x447.jpeg" alt="" width="525" height="229" srcset="https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-AM-1024x447.jpeg 1024w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-AM-300x131.jpeg 300w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-AM-768x335.jpeg 768w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-AM-24x10.jpeg 24w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-AM-36x16.jpeg 36w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-AM-48x21.jpeg 48w, https://static.delta.exchange/wp-content/uploads/2023/12/WhatsApp-Image-2023-12-06-at-10.36.55-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 6 Dec 23