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Assessment: Starting the day in the red, but after some initial movement in the markets, we are getting back into a sideways pattern with little trending.
Bitcoin got a pop yesterday as the ETF excitement continues. My question is whether the ETF finally being official and launching will become a “buy the rumor, sell the news” event. I have not run a Path Predictor pattern assessment (beyond just pivot generation) given the catalyst event of the ETF. With such a major catalyst potential it is tough to have a lot of faith in a technical reading/prediction. Just some levels to keep an eye on to the downside if they do sell the news.
Path Predictor (BTC): https://sblk.io/s/LLZ6f3sPhMUZCzd
Good luck in your trades!