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Using a BTC Bear Call Spread at Resistance Near $62,000

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Summary

The document presents a bearish-to-neutral BTC options trade based on resistance near $60,000 and a supply zone around $62,000. It proposes selling a call at the lower strike and buying a higher-strike call with the same expiry, using the spread’s net credit to define the maximum gain and its strike width to cap the loss. The example sells the $62,000 call and buys the $63,000 call for a stated net credit of $227 per BTC, with the target that spot remains below $62,000.

The rationale combines a four-hour chart showing failed rebounds and lower highs with options data indicating a $60,000 maximum-pain level for the stated expiry. The article states that the trade’s maximum loss is $773 per BTC if the market rises sufficiently. This is a dated setup tied to specific price levels and option quotes; resistance and maximum pain are not reliable guarantees of where BTC will settle, and the document cautions against using its analysis as the sole basis for a trade.

Key ideas

  • A bear call spread sells a lower-strike call and buys a higher-strike call with the same expiry.
  • The example uses calls at $62,000 and $63,000 and reports a net credit of $227 per BTC.
  • The stated target is for BTC to remain below the $62,000 supply zone.
  • The trade thesis cites chart resistance and an options maximum-pain level near $60,000.
  • The example caps the stated maximum loss at $773 per BTC, but the market thesis can fail.

Tags

CryptoOptionsRisk managementTechnical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.