JP Morgan discloses spot ETF BITCOIN holdings for the first time since the full ETF launched on January 11!
Could this indicate a bullish sentiment? Of course not. We still need to rely solely on our fundamentals of demand and supply.
To support this idea, we have seen a strong selling momentum with bears shaking up the price and of course a 30% correction from most recent high on ETHUSD.
My analysis begins with identifying critical phases that characterize the end of a trend and preparation for a potential reversal as seen on the price chart above. Therefore we may anticipate a price reversal very soon.
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