Amid ETF Approval Pump & Dump, BTC Displays Symmetrical Channels
Updated
Bitcoin has finally achieved ETF listing. This should be considered a historic turning point. However, the market's response has been lackluster.
What is happening?
Technically, we have descended through eight gray channels and retraced back up four.
Although whether this indicates a key level for trend reversal is not yet clear, the harmonic pattern suggests fulfilling an overall bearish pattern (Total) or bearish Sea Pony described in my previous idea.
Note
If you need a more explicit boundary.Note
update.Note
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