BTC - Covered call strategy

Bullish View on BTCUSDT

Trade:

Buy BTCUSDT Perpetual Future @ $42800
Sell (2x) 43600 Call option of 30 December expiry @ $150 each

Stop Loss: Spot level = $42500

Target: Spot level of $43600

Max Profit: 11100/BTC

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 44000 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.
Chart PatternsTechnical IndicatorsTrend Analysis

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