Triple bottom?

Three touches to the bottom, a triple bottom pattern could be in play here. Triple bottoms have a higher probability of breaking to the upside, especially if volume to the downside is starting to weaken. Confirmation will be breaking above the neckline, but now could present a good opportunity to a long entry.

If Bitcoin can hold up above 58k and if Eth can gain momentum heading into the ETF, I’d expect Layer 1/2s like Arbitrum to perform well.

Crypto is volatile, anything can happen. If we do lose the $0.72 level on Arbitrum with high volume, we might head a lot lower.

Stop losses will stop your losses. Trade carefully, this is not financial advice, always do your own research!