BTC is currently forming a symmetrical triangle on the 1-hour timeframe. A solid breakout from the triangle would confirm a bullish trend, while a rejection would indicate continued movement within the triangle.$BTC
> Bitcoin CME futures (Dec/2017) > Bakkt (Sep/2019) > Coinbase IPO (Apr/2021) > Bitcoin Futures ETF (Oct/2021) > ETH "The Merge" (Sep/2022) > ETH "Shanghai" (Apr/2023) > Bitcoin Spot ETF (Jan/2024) > ETH "Dencun" (Mar/2024) > Bitcoin Halving (Apr/2024)
Historically and generally, "Sell the News" events have existed.
However, at least regarding ETFs, please discard the preconceived notion/bias. As seen with $BTC , it ultimately leads to price discovery.
The concept of "buy the news/sell the news" for ETF approval will likely become less relevant in the future. Market reactions will be minimal, and significant price movements will be less noticeable.
Simple as that.
If the ETH ETF is delayed, it's a great opportunity to buy the dips/DCA.
** #EricBalchunas predicts that the SEC announcement will likely come around 4 pm ET tomorrow. For the spot BTC ETF, the announcement was made at 3:45 pm, and other past announcements were slightly after 4 pm.
• MetaMask is working on integrating native BTC, launching this feature next month. $BB
• $AIOZ - AIOZ Network has become first DePIN company listed on Nvidia Accelerated Applications Catalog.
• $EOS - EOS Network announced Antelope Spring Beta-1 is live on testnet. (Final release: July 10/hard fork: July 31)
• $EDU - Animoca plans to acquire more EDU tokens from the open market.
• $LEVER - LeverFi has announced a $10 million OmniZK Developers Fund ahead of the OmniZK testnet launch.
• $REZ - Renzo Protocol plan to start $REZ ezPoint boosts on May 22.
• $NMT - NetMind.AI has announced a usage-based mining mechanism and a new GPU dashboard.
• $SD - Stader Labs has proposed a 20% $SD supply reduction with a 30M $SD burn, part of their SD Tokenomics Revamp. Voting on the proposal is underway.
• $STG - Stargate Finance has announced the release of V2 on May 28.
• $TON - Binance has added a new wallet for Toncoin. Official announcement for spot listing is expected soon.
• $ZEN - Horizen has proposed ZenIP-42405. If approved, it will move forward with the development of EON 2.0 and the proof verification chain.
• #taikoxyz has announced the $TKO token airdrop. Mainnet launch is scheduled for June 6.
The S&P 500 has continued its bullish trend following the breakout from the ascending triangle pattern. It has recently surpassed its previous high and is currently trading above this level.
As long as it remains above the past high, the bullish momentum is expected to continue. However, if it falls below this level, a short-term retracement is likely before the next upward move.
#RUNE is currently in re-accumulation process [Bullish Flag]💁♂️
Few thing to notice:
Bull flag got formed in perfect area - above the resistance confluence of EMA 21 + Key Trendline + $3.95 Key Level - inside the area between $3.95 - $6.4 key level | also between both Key Trendlines - one of them serves a Major Descending Resistance - below Major Descending Resistance
IMO once Re-Accumulation is over we will cut through the Major Supply Zone around $14 as it means nothing🚀
So the current Bullish Flag is last chance to accumulate before we get sent off❗️
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