đ New BTC ETF Race?
Hi all. I'll start with the graphic situation. Bitcoin has once again become a market leader in terms of âconsumptionâ of liquidity, and this can be clearly seen by looking at its once again growing dominance. Ether is weakly bought back, or on BTC we see the real influence of already launched ETFs.
$42,200 is the level for which there is now a struggle. If we fix it below, itâs a signal of buyer weakness and moving further down, so these marks play a very important role for the future situation on the market.
Why am I talking about the BTC ETF race again?
Harvest Hong Kong, one of China's largest funds, has filed for a spot BTC-ETF in Hong Kong.
Therefore, of course, the crypto market should perceive such news positively. To begin with, speculators should front this event, and at the end, get another influx of additional liquidity.
Today's result: I don't dare make any forecasts for this week yet. I am waiting for the end of the struggle of market participants for the level of $42,200 on BTC (marked on the chart), and, as a result, I will make subsequent decisions on the market based on this result.
unihub Trading
