Fundamental View:
So everyone are eagerly waiting for 10th august, people seems to bullish on after etf approval.
Yes after approving ETF btc price gonna sky rocket.But if not, than you see the same pattern will follow
& still it have more chances to follow the same pattern because it still unclear bitcoin ETF will hear on exact 10th august.
On July 2nd SEC stated it hear within 45 daysso they have time upto 16 August.
Technical View:
BTC having major support at $7800-$8000.
RSI seems to overbrought.
Looking Bearish for short term.
So everyone are eagerly waiting for 10th august, people seems to bullish on after etf approval.
Yes after approving ETF btc price gonna sky rocket.But if not, than you see the same pattern will follow
& still it have more chances to follow the same pattern because it still unclear bitcoin ETF will hear on exact 10th august.
On July 2nd SEC stated it hear within 45 daysso they have time upto 16 August.
Technical View:
BTC having major support at $7800-$8000.
RSI seems to overbrought.
Looking Bearish for short term.