#Bitcoin I said that it would return in the $ 60,700 band and the target was $ 66,850 - $ 74,000 respectively.
I said that I converted the #Btc and the additions to my Altcoin basket at $60,700 into cash due to the lack of volume of BTC at the $66,850 level, the negative discordance that occurred on the 1-2 hour charts, and the Obo image that occurred on the 4-hour chart, and that I would wait for the $59,000~$60,000 setup again.
With the Ethereum Etf approval rumors, BTC rose to $ 72,000 and I started watching. I did not post anything new and took no action.
Ethereum Etf approval was a development I expected, as I said in my post quoted below, but I expected that this process would be entered in June. The second biggest development of the bull cycle, which will last until the last quarter of 2025, is the Eth ETF approval for me. 1st Btc Etf
Important developments that will ensure cash flow to the crypto market are awaiting us. The US presidential election process will make the biggest contribution to this. I think the cash coming out of US bonds and the USD that will be printed with the interest rate cut will enter crypto again. We will watch this in the most enjoyable year 2025.
I will not be in a hurry to take back the products that I have now converted into cash at $66,700.
I don't think the sell the news action will remain with a few pins. Btc Etf news came at a level of $ 47,000 and Btc was traded in the range of $ 38,000 ~ $ 40,000 for a period of 20 days.
The formation and targets in the 3-day chart I shared before for Eth are valid. About 10 days ago, when Eth was at $ 2,970, I said that our direction was the $ 3,800 band, I would take profit at this level and the neck break would occur at $ 4,100. I am proceeding faithfully to my plan and following the rising trend on the daily chart. I was hoping they would show $2,900 again. Let's see if it will happen?
I will watch until Tuesday