As anticipated, BTC is nearing its highs, having successfully breached the $44k level. Seeing potential for a short even from these levels, my plan is as follows: I await a sideways movement between 
46K and $47k, followed by a squeeze around $47,700. Subsequently, I expect a drop back to $44k. To capitalize on this scenario, I intend to use a Put spread strategy with options expiring on February 23.
46K and $47k, followed by a squeeze around $47,700. Subsequently, I expect a drop back to $44k. To capitalize on this scenario, I intend to use a Put spread strategy with options expiring on February 23.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.