Amid ETF Approval Pump & Dump, BTC Displays Symmetrical Channels

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Bitcoin has finally achieved ETF listing. This should be considered a historic turning point. However, the market's response has been lackluster.

What is happening?

Technically, we have descended through eight gray channels and retraced back up four.

Although whether this indicates a key level for trend reversal is not yet clear, the harmonic pattern suggests fulfilling an overall bearish pattern (Total) or bearish Sea Pony described in my previous idea.

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Ghi chú

If you need a more explicit boundary.

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Ghi chú

update.

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Ghi chú