It's over and what a ride! This is one of the clearest tell ever of whale buying, price and volume were controlled precisely (maybe too much) like a clockwork. Don't misunderstand, this is long term bullish (by crypto term, LT we talking bout maybe days/weeks). Don't overreact for short term retreat - ETH will hit 10K this year (and my only fear to look like a...
Every good things must come to an end. Short term reconcile for longer timeframe with healthy condition (aka EIP1559). Can just wait, or short against portfolio, but should stop accumulate for now.
Extremely bullish momentum for BTC in recent weeks, a little detour near 63K level, then will reach 70K goal in 1 month, still 99% on path of S2FM.
Definitely definitely will cross 56K , downside now will be only temporary as cost of dumping will not be profitable.
Gamma exposure flipping at 56K and as quarter-end is days away. If we cannot cross it within 8 hours, we may need to wait for few days. Nonetheless, in the bigger picture, this does not mean a damn thing.
This scaling will be 4th and final visit to complete its waves at this 60k resistance.
BTC reserve across exchanges at very low level. Many shake-off at 60K>50K, this is likely the take-off of last flight to surpass 60K.