Yes, ultimately around those levels but I do expect a reaction (pullback and/or consolidation) if/when GXBT hits the 8840 level, which is that first & only overhead resistance line on the GXBT 60-min chart that I posted above. Depending on how the charts look if & when it gets there or even if/when that level is taken out, I might revise the price targets on the GBTC trade as GBTC doesn’t track Bitcoin as closely as the futures do. The reason is that GBTC trades at a premium or discount to its NAV.

Official trade ideas are always equities, ETF, closed-end funds, etc. as many traders & investors don’t have a futures account. However, I will often trade futures in lieu of ETFs or ETNs personally & will often include the charts, especially within the trading room, for others that prefer to trade futures and also because futures contracts usually provide a better (around the clock trading) & more accurate (more closely tracking the underlying commodity or other security) than do the ETFs & ETNs or other proxies such as GBTC in this case.