Two Sentence Traders

$HOOD is the tell as BTC clears its 200-day

By rummy ·

BTC just closed above its 200-day SMA for the first time, and now there's a trendline break stacked on top of it. Near-term, upside looks more likely than downside since buyers may chase it. Already holding $HOOD as the cleanest way to play it, though whether this is an actual durable long-term bottom for BTC is a lot less clear.

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Aggregated and distilled by Two Sentence Traders. Not financial advice.