Final approval of the first BTC spot ETFs could happen next week. In the meantime, the price action for the past month has closely followed the arc curve as well as linear trend line. Both are looking good for a potential breakout next week above the $45k level.
Like the dump we saw on Wednesday early morning. Don't believe the "sell the news" fearmongers....
- Two days in a row, gap down at the open and then recovery for the rest of the day to ~3830. I can't tell if this is creating a short term bull or bear trap,
- It will be a busy month. Awaiting Fed comments tomorrow.
- Overall long-term trend downwards still remains intact. If anything, I'm expecting another leg down with accelerated downward pressure due to Fed...
