- BTC has a rather larger than normal move over the weekend
- We saw price take another leg lower hitting the $3,400 region
- That did cause a gap down on futures BUT it was short lived as we popped right back into the void and have now filled it
- We continue to remain below both EMAs and below both monthly opens at the moment and until we can regain either/or both, bulls need to proceed with caution here
- This strong move up this morning is good to see but the next few hours and even daily close will give us a good idea of what the possible next move to come is
- Something to keep in mind are the remaining gaps left to fill at $4,300 and $3,200
- Bakkt ETF decision is approaching as well so we could see a pump into the news and very likely see a "sell the news" event afterward
Thanks guys!