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Here’s a clever options strategy for cautiously optimistic Bitcoin traders -Breaking


© Reuters.

(BTCThe ) moved up in January, and order book analysts noted that despite sideways trading of near $40,000 the channel was still upward. “Significant buying pressure”And he noted that there might be an exhaustion of the general negative mood.

Price of Bitcoin/USD at FTX TradingView

Johal Miles, an independent analyst noted that BTC formed a bullish candlestick in its daily charts on January 24th and February 24, suggesting that the long-term downtrend may be coming to an abrupt halt.

Calculation of profit and loss. Source: Deribit Position Builder