Morning folks,
As we've warned on Thursday - all this hype around Grayscale ETF is purely emotional and speculative. This topic just was used to shake the boat - that's all. Two days after everything returns back.
As we've said already - we do not expect any rally if even Fidelity, BlackRock or whatever else ETF will be approved by SEC. Yes, minor emotional jump could happen but it doesn't change the fundamentals which are totally bearish for BTC.
What really matter - is US yields, that are raising again. BTC recent performance looks bearish and we keep the same target valid - 24.7K, at least. We do not consider any long positions by far.
As we've warned on Thursday - all this hype around Grayscale ETF is purely emotional and speculative. This topic just was used to shake the boat - that's all. Two days after everything returns back.
As we've said already - we do not expect any rally if even Fidelity, BlackRock or whatever else ETF will be approved by SEC. Yes, minor emotional jump could happen but it doesn't change the fundamentals which are totally bearish for BTC.
What really matter - is US yields, that are raising again. BTC recent performance looks bearish and we keep the same target valid - 24.7K, at least. We do not consider any long positions by far.
ForexPeaceArmy BTC analytics :
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
www.forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
www.forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/