$BTC TOP 20
Added 2024-04-14 18:41:59 +0000 UTCOk big drop from $BTC the moment Iran declared that they had sent drones towards Israel and unfortunately when an asset like this is trading 24/7 it takes the brunt of any global volatility immediately.
Since then Iran have said they have concluded their retaliation but unfortunately reports have come out that Israel are expected to retaliate.......(so they are retaliating to the retaliation?!?)...we won't get political here.
However, another report came out this evening that the Hong Kong authorities may approve a $BTC and $ETH ETF by tomorrow, which would be a very positive catalyst, as this has proven to be a bullish indicator this year for $BTC.
That all being said, we are into the halving week this week ahead and nobody can really tell its effects....Crypto bulls will say that it lowers supply of $BTC which will drive the price up.....others say that this has all been factored in and a decline will come next after such a strong run and making new ATH's.....my chart shows what camp I am in.
And it appears we are in Wave A right now after yesterday's drop and clear rejection at the $69k level
If you have not started a position, I think waiting until Wave C is complete makes sense....if you are still a holder then ride the storm and take some positive catalysts that could be released tomorrow.
I am in $ETH and added earlier today.
