Moonbags Markets

70k proving once again to be resistance

Bullish

Hong Kong likely to allow in-kind creations for spot Bitcoin ETFs — link | tl;dr

Started pessimistic but becoming optimistic Ofc its just the weekend so everything can change very quickly lol

Will see what happens tomorrow but this is a clear chopping market

It looks like the market is about to dump hard.

In 2020, we had the covid dump ofc

History has always showed there has always been a pre-halving dump The one in 2016 was almost a -40% move, yes in pretty much one of the most bullish halving years in bitcoin

Something is afoot lol

TLT and DXY pumping at same time

Yen is testing 2022 and 2023 lows

If the new ETFs begin outflowing significantly then the market would be fucked.

I believe price of BTC running to 73k was simply a bet that GBTC was done selling and it turned out not to be the case. So far the new etfs haven't had too much outflows so market will likely keep chopping. I don't see how GBTC doesn't go to 0 though. The fee is still much higher than it needs to be. It is just wicked at this point and Barry should be in prison.

DXY full sending Gold and silver recovering from yesterday BTC down Market is trying to tell us something