#现货以太坊ETF获美SEC批准 #eth #btc Amid the Ethereum ETF hype, let’s take a moment to assess the market and see where $BTC is headed. -
Weekly chart: The price is compressing and heading towards the parabolic trendline, indicating that the next leg up is imminent. Stochastic has formed a golden cross and RSI shows divergence, which is lower than when $BTC was $40,000. Taken together, this shows that the market is ready for the next leg up.
Daily chart: Price closed inside the reversal FVG as expected and should remain within this range for the next few days. The lower semicircular pattern represents short-term tops and bottoms, and based on this pattern, a bottom and reversal should occur in the next two days, consistent with the parabolic trendline and daily FVG.
4-hour chart: A retest of 67.6K is likely before the next leg up, so filling the imbalance below (releasing the pressure from the previous rise) may cause problems for $BTC in the future. Regardless of the retracement, the price should consolidate within the daily FVG level. The only thing to worry about is the 63.7K position,
This could be an exception as it would break the parabolic trend line,