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$BTC Bitcoin has been playing around since last week's pump off the ETH ETF news. ETH has seen relatively good strength against BTC throughout the development of this range. For today, I do see price continuing to consolidate between the triangle that is currently forming. This pattern is not entirely confirmed but I do see a good chance it develops in this way. We will have much greater definition over the next 48h. Main invalidation for today is if we just break below the support trendline and the market sends lower as we break the $67k level. Keep an eye on the daily watchlist levels and focus on any news that can come out! #ETHETFsApproved #btc70k #BTC☀ #Megadrop #MtGox

$BTC

Bitcoin has been playing around since last week's pump off the ETH ETF news. ETH has seen relatively good strength against BTC throughout the development of this range.

For today, I do see price continuing to consolidate between the triangle that is currently forming. This pattern is not entirely confirmed but I do see a good chance it develops in this way. We will have much greater definition over the next 48h. Main invalidation for today is if we just break below the support trendline and the market sends lower as we break the $67k level. Keep an eye on the daily watchlist levels and focus on any news that can come out!

#ETHETFsApproved #btc70k #BTC☀ #Megadrop #MtGox

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$ETH : Ethereum Broad Market Analysis 🚨 1. With the SEC’s full pivot on the ETH ETF, approval was granted for the ETFs’ listings. They could come as early as Tuesday when the stock market opens. ETH reacted accordingly by fully breaking the range it was in and pumping over 25% this week. 2. This coming week will be interesting to see ETH strength continue as ETHBTC reclaims major levels and the narrative for ETH comes back. 3. Keep in mind once the ETFs are listed, Grayscale will go through selling pressure as the ETFs rebalance due to fee differences. This will lead to a corrective period during June. 4. The large wedge did succeed.. Such a large move was present within the chart. 5. My main scenarios for this week: 1) Look for a continuation past the most recent highs around $3950, this should give way to break $4000. ETH could reach new highs within this range before entering that rebalancing period. Some interesting levels past $4k are $4080 and $4160. Just like the BTC ETF listing, a local high could be formed on the listing. 2) Look for ETH to begin correcting as it rebalances, this will be more of an event based trade rather than level based trade. Price could top out a little higher than the local highs from March. Once a reversal comes in, look for acceptance below $4000 and for price to correct down to important supports at $3720 or $3580. #ETHETFsApproved #ETHETFsApproved #FIT21 #altcoins #btc70k ===================================================================
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$BTC Analysis + Signal 💸📢 1. Since our range deviation below $60k, price was able to make its way back to range highs as we got the ETF news this week. Bitcoin made its way to the $71400 level before finding resistance. We’re currently waiting for more developments on the ETF, but for this week I do expect a major move into range highs, potentially forming a new ATH, but no major breakout out of this range. For this summer, I do not think we will begin a major run until later in July or August. 2. Now that the Halving is in, focus your power on any upcoming uptrends. It won’t be anything instant but it could take weeks to month to begin really pushing. These uptrends will be a lot more violent, and pullbacks will be too. 3. My main scenarios for this week: 1) Look for a move into range highs as price reclaims $70k, a strong reclaim of $70k could lead us to major levels at $71400 and $73600. The $75k level could be used as a major psychological level if we step out of the range, forming a potential deviation. Speculative to say but this top could align with the the ETH ETF rebalancing with Grayscale, which will bring selling pressure. 2) If price consistently stays below the November 2021 ATH at $69200, then expect a breakdown of $67000 and a move towards $64850 and $62500. This would mostly invalidate the recent breakout and will let us consolidate more within this macro range. 5. I will be updating the charts and scenarios through the daily watchlists. #ETHETFsApproved #FIT21 #EarnFreeCrypto2024 #btc70k #ANALYSIS
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