Diversitas

1/4

Morning update:

While there is nothing bullish about the price action, the selling pressure continues to slow down. The volume we are seeing is low, suggesting reduced sell pressure. The same goes for the taker's sell volume👌

2/4

Meanwhile, Hong Kong will start to trade Bitcoin and Ethereum ETFs in less than 24 hours. While some are saying that the effect will be small, we have big bets on Asia. Looking at the Huobi report from 2022, we can see that Asia has the highest crypto user base in the world👀

3/4

Furthermore, Bloomberg reported that Australia may be next. According to their sources, the Australian Securities Exchange (ASX) is expected to approve the first spot Bitcoin ETFs before the end of 2024. This could still be months away but it's coming😉 $BTC

The race is truly on🔥

https://www.bloomberg.com/news/articles/2024-04-28/bitcoin-btc-etf-bandwagon-heads-to-australia-after-53-billion-haul-in-us?srnd=homepage-americas&sref=dJOSAJZH

4/4

Overall, whales continue to manipulate the price ahead of the Hong Kong ETF launch👀 In our view, this is only a distraction and we will soon be trading higher🤔The longer this persists, the more shorts will get trapped, fuelling the next leg up📈

Have a great start of the week🙌

1/5

Morning update:

The price is flirting with our trackline. Meanwhile, the buy calls across social media are low and sell calls are peeking in at an increased rate. When this level of FUD begins to sneak in, market recovery probabilities increase significantly. When people in the comments section are telling you that the market is going down, it's usually the best time to buy. The crowd is always wrong and the pump is likely days away👀