I scrolled down to the bottom and applied it.
In this case, it becomes a trend line that cannot be said to have damaged the upward trend that has been forming since early 2024.
As I predicted last time, the recent decline is forming a double bottom with the rise yesterday and today.
It is still too early to say for sure, and it would be more accurate to see whether the weekly salary can be confirmed more clearly as a monthly salary.
Those of you who know the rebound from the bottom recently, Vanguard, an asset management company next to Black Rock,
It seems to be rising with the news that ETF trading, including bit ether, has finally been allowed.
This is actually great news. This is because Bitcoin has surged by about 50% since BlackRock launched ETF in January 2024.
Considering that Vanguard, the next asset management company after Blackrock, started ETF, although it is not as good as Blackrock.
This is because we believe that an increase of at least 10% from the current position is quite possible.
A bear market has unfolded since the futures liquidation occurred on October 10th due to Trump’s tariff remarks.
Coincidentally, after that, there was a shake-up in JPMorgan’s strategy.
However, JP Morgan is making contradictory moves by simultaneously shaking up its strategy and launching Bitcoin-related products.
I saw it. It is part of an effort to absorb volume by shaking up existing cryptocurrency whales in the traditional financial sector.
This is the analysis of many coiners. Well, it’s a conspiracy theory view, but
From JPMorgan’s perspective, it can use the power it has to acquire bits as cheaply as possible.
It was one way.
Anyway, the current picture in which Strategy is monopolizing the bit volume is actually not a very good structure in the long term.
I think it may be more stable in the long term to have some degree of diversification with traditional financial institutions like Morgan.
I’ll give it my all.
In my opinion, the mid- to long-term trend is still alive.
Starting with the double bottom formed this time, I hope it will be a happy year-end where we reach ATH again within this year.