This week has been showing skyrocketing of alt-market after recovery of bitcoin.
I am expecting a mild upside of bitcoin for a few days though there can be a short downturn.
- Event
BTC ETFs are comming again.
https://cointelegraph.com/news/bitcoin-etfs-seek-approval-following-launch-of-futures
No reason to deny the ETFs(if their structure is flawless as normal ETFs) since already there are BTC futures.
(*) Banks are already can copy and sell BTC ETF for private clients using the BTC futures and bonds.
- Chart
Daily
: Enough relax.
Weekly
: Enough relax. But still price level and RSI are high. If it goes up this time, it needs more time to sleep.
: So need a short downturn.
- Impact
: Alt market runs too much. The money will get to the BTC.