I feel like BTC is ahead of the other moves in forex and futures. Looks to be in a month long ascending wedge on daily chart and ascending on hourly as well. Found support on the blue lower trend line from a couple days ago and already bounced off 3x, though could be consolidating for further downside. Just slid out of the overbought condition on daily RSI and MACD looking to be lightening up as well. Could retest the the 40000 range again or it could be a beast and not. That's all folks
Thank you for your analysis. Yeah, it's tough to be conclusive on direction here. I think there will be more cos announcing BTC balance sheet purchases with a part of their cash. The SEC will undoubtedly need to get involved, tho, since for whatever it's worth, this change will affect all kinds of metrics that involve current assets in the calculations. The cash used to purchase BTC is no longer considered as a current asset, rather it becomes an intangible asset, which messes up a bunch of common liquidity and debt coverage metrics.