Here’s how pro traders use options to profit from Bitcoin price corrections

Here’s how pro traders use options to profit from Bitcoin price corrections

Eventually, Bitcoin price will run into overhead resistance. Here’s how pro traders use options to profit from and protect against downside moves. Bitcoin seems to be struggling at the $58,000 level, which is leading some traders to fear a more significant correction could take place.While Bitcoin's (BTC) 2021 performance has been incredibly strong, its current 696% gain and comments from United States Treasury Secretary Janet Yellen suggesting that cryptocurrencies are used to finance terrorism may be enough to have investors feeling a bit cautious.Reducing open position sizes is usually....


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