BitcoinLong
bitcoin a range
seeing bitcoin trade in this range rn. volatility incoming once it breaks out.
bearish thesis: lower part of the range looks weak, tested too many times. gotta be cautious if we head there.
bullish thesis : same thing, higher part been tested many times if we reject at mid range, I'm bullish.
Many ethereum etfs waiting for approval even with 70% approval odds, expecting rejection. likely will be priced in already.
https://www.reuters.com/technology/cryptocurrencies-gain-investors-turn-optimistic-ether-etfs-2024-05-21/
⚠️ don't get caught in the chop! ⚠️
bearish thesis: lower part of the range looks weak, tested too many times. gotta be cautious if we head there.
bullish thesis : same thing, higher part been tested many times if we reject at mid range, I'm bullish.
Many ethereum etfs waiting for approval even with 70% approval odds, expecting rejection. likely will be priced in already.
https://www.reuters.com/technology/cryptocurrencies-gain-investors-turn-optimistic-ether-etfs-2024-05-21/
⚠️ don't get caught in the chop! ⚠️
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