Bitcoin: Sell The News

The SPY bounced off its daily 21 EMA (exponential moving average), but that put it into what I call an Inverse Trampoline move on the Hourly chart, which is not a bullish condition. We have been waiting for it to pull back, and we finally got it today! In addition, the news came out about Bitcoin ETFs, and the Bitcoin-related names are getting sold on the news.

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