đ $BTC has formed my favourite pattern for reversal. Rising wedge with Spot CVD selling into resistance along with whales closing their longs and dumping on spots meanwhile perpetual keeps driving the price. Also, large ask wells around 80-83k are absorbing all the bullish pressure.
Now all eyes on todayâs speech of Federal Reserve Chair Kevin Warsh to speak at Jackson Hole. If hawkish tone is set then we dump hard otherwise it might chop or invalidate this pattern.
Also, traders will be changing their positions and risks as $6.34 billion options will expire today. Thatâs a huge number for bitcoin options on deribit.
Now all eyes on todayâs speech of Federal Reserve Chair Kevin Warsh to speak at Jackson Hole. If hawkish tone is set then we dump hard otherwise it might chop or invalidate this pattern.
Also, traders will be changing their positions and risks as $6.34 billion options will expire today. Thatâs a huge number for bitcoin options on deribit.
