๐ Yesterday, for the first time since mid-October 2023 (half a year), the BTC funding moved into negative territory. This is another fairly significant event of every bull cycle, where usually the entire correction was completed
๐ Today, Hong Kong expectedly approved spot BTC-ETFs, which could provide an additional boost for the crypto
๐ However, the situation with Israel remains in force, all media outlets are reporting differently, then Israel has canceled the retaliatory strike on Iran, then it is just preparing to make a decision soon. The facts are that there will be no serious response - as of today, all public events and school programs in Israel are resuming (previously canceled)
๐ In any case, as I said earlier, going below $58000 with a weekly consolidation is highly undesirable, as the whole medium-term layout in this case may be rewritten. But until this happens, the current decline remains within the framework of a trivial correction, of which there have been several in each past cycle.
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