The Proshares Bitcoin Strategy ETF launches in the US tomorrow so it will be interesting what happens to the price of the underlying.
This is bullish news, however, previously BTC topped in 2017 with the launch of the CME Futures contact.
In addition, BTC is at previous resistance and the Daily candle is on a green TD8 and likely a 9 tomorrow.
Selling into resistance is typically a more effective strategy than buying.
Will it be this time also?
***** Click on chart to enlarge*****