IBIT faces resistance and a bearish market turn; expected to decline slightly.

Bitcoin, if you pull up the monthly chart of IBIT, Ibit, uh, you know, so that was a really strong move up, but it's right at resistance. It's right at the declining 20.

So, if you look up ETH or or or Bitcoin, I was actually on the mic and I was telling the students that it's not that I love the position here, but if this is the bottom, it's such a tight stop.

I want to be in um and it exploded higher on August 18th, 18th or 19th. And so, I'm in it from that point. And I don't want to like lose my position, but at the same time, I I see the writing on the wall.

I see the market turning bearish and I see where Ethereum and Bitcoin are at on the daily and the on the weekly and and the monthly right at resistance. So, I think uh we come in a little bit.

I mean, are you looking at like buying IBIT puts or something like like how would you hedge something? Yeah, you'd have to you'd have to correlate the movement of Bitcoin, the underlying with the uh with the um with the delta and the uh and the IBIP puts and make sure that uh a commensurate move in the underlying will protect you uh based on the number of puts you have.