i'm extradorinaly bad at guessing short term movement of the btc exchange rate ... but it wouldn't surprise me if we see some headwinds over the next two weeks because:
- fomc meeting next week after high CPI and ppi
- end of quarter portfolio rebalancing now that some of the demand is walk street types
just my 2 sats
ETF holders freak out when they see 5% gains/losses. Paper hands.
I just set up a bunch of buys down a range and let them fill during some of the big dips that occur. It's like Christmas when the notifications come in.
I think retail ETF holders have decent amounts of conviction right now. They’ll get more paper-handed as the year rolls on and price moves higher.
My two sats.
I've been wondering about rebalancing since these ETFs launched. Could be a drag on green candles. But also a support on the downside
Also, as people file their taxes in the coming weeks no doubt some will sell gains to pay the goobermint.
Bullish
1M by April confirmed
following up on this, I think we are through most of the hurdles outside of quarter end rebalancing which may occur on the final business day of the month
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