$BTC recovered above $84.800, has it fully escaped the risk of a deeper drop yet?
In my opinion it has improved clearly, but not entirely safe yet. The $84.500 zone has now turned into an important support — if it holds above that level, the path up to $86.000 is wide open. Risk only returns if it falls below $83.800. After today’s options expiry, volatility will decrease and the trend will be clearer.
#BitcoinSpotETFsTurnNetPositiveYTD
In my opinion it has improved clearly, but not entirely safe yet. The $84.500 zone has now turned into an important support — if it holds above that level, the path up to $86.000 is wide open. Risk only returns if it falls below $83.800. After today’s options expiry, volatility will decrease and the trend will be clearer.
#BitcoinSpotETFsTurnNetPositiveYTD