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Eshal fatima
$BTC surged to 80000 but couldn't hold above it, then hovered around 78000.
The US dollar is weakening, ETFs are still seeing continuous inflows, so the foundation for the rise remains intact.
However, the shorts have already been cleared out once, so chasing longs now isn't than chasing shorts.
On Friday, about $6.4 billion worth of BTC options expire, with 75000 and 80000 being dense zones, so back-and-forth spikes are normal.#PCEToJacksonHole #AIMonetizationBroadens #BTCOptionsExpiryTest
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