Bitcoin faced a Rejection!
Yesterday’s chart may seem like Bitcoin faced rejection from the neckline, but that’s not entirely correct.
In my opinion, there has been no significant change, as funding rates are still positive. Additionally, the SEC has approved BlackRock’s spot Bitcoin ETF options trading, marking the first approval for options trading on a spot Bitcoin ETF.
On the technical side, we got a Bullish Spinning Top candlestick as a daily close yesterday, so we could see some sideways movement before a major move.
Right now, it's a do-or-die situation for Bitcoin. We’ll be able to confirm the next significant move by looking at the weekly close.
My strategy remains the same until we get a major confirmation from Bitcoin.
In my opinion, prepare for volatility as this is the last week of the month.
Uptober is coming up, Q4 is bullish! 🚀
