🟠 #BTC Daily Update!

Chart is changing — what looked like a rising wedge now looks more like an ascending triangle, so in short:

- Break below resistance $94k = target $92k

- Break above resistance $95.4k = target $98.4k

Bitcoin Monthly Returns:

- April = +15% so far

- May average = +8%

But the real decider is the Fed meeting in 7 days, and right now there is only 7.7% chance of a rate cut it's not bullish.

ETF Data:

- April 28 BlackRock alone bought nearly $1B, with total net inflows $600M

- Yesterday BlackRock +$200M with total net inflows $172M (some ETFs sold)