Quick short term update on the CME BTC1! (Futures) market.
We can see a magnificent cup and handle being painted, except it is upside down, also deadly is the h&s hidden within this cup. This gives us a high probability that the market will turn south should the market continue on this volume.
Support for Bitcoin is still at $9k to $10k on the shorter term and we can expect quite a lot of volatility should prices drop below $9k.
Weis should be announcing their crypto ratings in a few hours from now, lets be patient and wait for the market to show us the way.
Feel free to come chat to the market Wizards on our Discord.