ðĨ Bitcoin Bullish Break Out: Sell-The News?
In previous analyses I've been quite bearish on BTC's outlook. I mentioned that a daily close above the dotted purple resistance line would greatly favor the bulls and that I would switch my short-term stance to the bulls once we closed the day above it.
And here we area. The bulls have pushed through on Ethereum's ETF's. However, I'm worried that this ETF launch is going to end up being a "buy the rumor, sell the news" event, like we've seen in the past.
The yellow bullish channel is currently offering resistance. We'll know very soon if it will hold or not. A patient bull will likely try to step in from the bottom support of the channel.
Patience is key.
And here we area. The bulls have pushed through on Ethereum's ETF's. However, I'm worried that this ETF launch is going to end up being a "buy the rumor, sell the news" event, like we've seen in the past.
The yellow bullish channel is currently offering resistance. We'll know very soon if it will hold or not. A patient bull will likely try to step in from the bottom support of the channel.
Patience is key.
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