BTC Bounce or Bust? Uncover the Key Levels in Play! Anand's 29th August Trade
Bitcoin seems to have established a short-term low, with recovery evident as it breaches lower time frame resistance pivots making a Bull Call Spread a better choice to consider.
Trade Structure:
(OTM Call) Buy 1x BTC-31AUG24-$61,000-C @ $357
(OTM Call) Sell 1x BTC-31AUG24-$61,500-C @ $250
Payouts:
Maximum Profit: $393/BTC
Debit of Strategy: $107/BTC
If the price of BTC is at or above $61,500, when the options expire on August 31st, traders will achieve maximum profit from this strategy.
In case of a market downturn, the potential loss is limited to the initial debit of $107.
Trade BTC options here:
https://t.co/E0bnhv1oWz
📢Market Updates📢
🛡️ $CRWD Pops 2.69% on Strong Earnings📊
🌐 $CRWD saw a 2.69% boost after reporting strong earnings and revenue beats. Despite lingering concerns from July’s IT outage, CrowdStrike's cybersecurity demand remains robust. #Cybersecurity#Earnings#CrowdStrike
🤖 The company’s solid performance showcases resilience, but will it be enough to maintain investor confidence after the recent challenges? The market is watching closely. #Investing #TechStocks
🔍 As cybersecurity threats continue to rise, $CRWD's position as a leader in the space could secure more wins ahead. Watch for updates on their response to past outages and future strategies. #StockMarket #TechTrends
Congrats to all the 76th #Emmy Award nominees 🥳️
#TheSimpsons is nominated for Outstanding Animated Program, and Hank Azaria is nominated for Outstanding Character Voice-Over Performance for his work as Moe Szyslak!
As part of an ongoing process of streamlining Liquid’s services and digital asset offerings, we will be delisting several digital assets on Liquid.
See link below for more details:
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