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CRYPTODOTIDEAS
Dec 29, 2023 8:43 PM

Bitcoin : the ETF trade is almost done? What is next then? 

Bitcoin / TetherUSBinance

Description

I think that the short term for BTC is probably down/rangy/choppy while the longer term is significantly more bullish

Anticipation surrounds the Bitcoin ETF approval, hinting at a "buy the rumor, sell the fact" scenario. Pre-approval price surges often yield post-confirmation sell-offs. Investors, wary of declining risk-reward, strategize to sell before the event, especially during the Jan 01-05 window due to tax implications, revealing market sentiment's sway.

Comment

completely wrong on the correction size there... one to remember for later
Comments
behdark
It was an instructive analysis.Thank you
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