Post
$BTC Review
BTC's recent pullback reached a low of $101270, and so far it has rebounded ~3000U, completely in line with expectations.
- A large outflow occurred in the ETF yesterday
- USDC and USDT issued an additional 1 billion each on the TRON chain, which is positive news
- FTX started repaying from May 30, distributing over 5 billion dollars, which is positive news
Yesterday, I indicated that the consolidation was about to end and that new highs were expected, providing a long position at $101282, which was completely consistent with the market action. The expectation is maintained.
BTC's recent pullback reached a low of $101270, and so far it has rebounded ~3000U, completely in line with expectations.
- A large outflow occurred in the ETF yesterday
- USDC and USDT issued an additional 1 billion each on the TRON chain, which is positive news
- FTX started repaying from May 30, distributing over 5 billion dollars, which is positive news
Yesterday, I indicated that the consolidation was about to end and that new highs were expected, providing a long position at $101282, which was completely consistent with the market action. The expectation is maintained.