🚨🚨🚨 Grayscale has sold 52,000 Bitcoin💰 since the launch of the Spot Bitcoin ETF equivalent to approx: $2B in a single week.

💰 Bitcoin is attempting to close the CME gap between $40.3k -$39.6k.

Holding Long from $41k.. A rebound from approx $39,000 would be positive 📈, but closing below this level could signal a bearish trend. 📉

💰 CME Gap has been filled, Expecting bounce from here 📈

If daily candle closes below $39k then game over for the bulls.

💰 The Game is over for bulls, $39k support has been lost.

The support level at the CME Gap has now become a resistance level.

Bitcoin has fallen below the 100-day EMA, The next target is the 200-day EMA.

💰 #Bitcoin is Testing the resistance level before continued decline.📉📉

Bullish only if it breaks and maintains above $41,300.

💰 Ethereum is on the verge of breaking below its key support level, $2200 is horizontal and trend-line support.

Possibility for a 10% to 20% dump once support is broken.

💰 79 days left until the #Bitcoin halving, and a major correction 📉 is expected before the event.

As Bitcoin hits 61.8% FIB Level at $48.5k so Possible correction from here is 40% - 50% as per previous cycle :

- 30% drop to $34k

- 40% drop (2016 Cycle) to $29k

- 50% drop (2019 Cycle) to $24k

Historically there is no major correction after halving event, Only UP 🚀

So Be ready to buy; this likely to be the best opportunity before bullrun starts.

💰 Do Not Trust The Weekend Pump.

All high leverage shorts are wiped out and the #Bitcoin hits trendline resistance.

Send it back to $40k next week.

🆘 The biggest selling pressure by miners since May 2023

“In total, more than 4000 bitcoins flowed to spot exchanges, around $173 million in selling pressure.”

📊 FOMC TODAY : The Fed will announce its first interest rate decision in 2024.

Markets predict 97.9% that the regulator will keep the rate unchanged.