When the dust settles

2023年8月31日

Morning folks,

Poor BTC has got occasion to show the rally on a background of Greyscale Hedge Fund and its SEC dispute. SEC has been obliged by court to review its decision, but, guys, to be honest - how this relies to BTC pricing? Whether it will be Hedge fund or ETF, what's the difference. Its just the way of money investing.

Besides, SEC intends to make appellation and could find just different reason to deny. Anyway - we see purely speculative activity around this event that doesn't correspond to BTC pricing or value. And we think this is temporal.

As a result of these conclusions, we keep valid our 24.70K daily XOP target and consider current levels interesting for short entry, as soon as we get some bearish pattern, such as "222" Sell, for example.