News Flash! News Flash!
Another update from my crypto-broker just in an hour ago.
Here goes:
12-Jul Asia
Both BTC and ETH hourly charts showing a quick recovery after a sharp selldown. BTC went under $6300 to test $6280. ETH tested $425. Look for BTC to re-test $6400 resistance. Only a close above $6400 would bring confidence to stay long. ETH will need to close above 440$ level for tech signals to turn to the buy side.
Bitcoin ETF: The SEC will make a decision on 10 Aug. Significant news as a positive result could trigger significant institutional inflow into the crypto space.
Indic: BTC 6311/6351 ETH 437/441
There you have it - some movement in the pricing and highs and lows being tested. But the interesting thing is in the Bitcoin ETF - that would be huge in how the institutions view crypto - does using familiar instruments make it more comfortable for them to accept the new world order? Haha..
Have a good day and stay tuned...
Cheers!!
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