What's the latest with $BTC? 📉
Last night, excitement soared as the approved Hong Kong ETF hit the market, pushing Bitcoin's price to $64,000. 🚀 However, the volume didn't meet expectations, and it struggled to break the $64,000 resistance, leading to a dip back to $62,000.
As the Hong Kong ETF's trading hours concluded a few hours ago, disappointment loomed due to the lower-than-anticipated volume. Consequently, the price now hovers around $61,600. If it fails to reclaim $62,000 during the day, we might witness a decline to around $60,000.
But here's the silver lining: at $60,000, we anticipate a positive response. On the daily chart, the lower bollinger band aligns perfectly, alongside an old support level.
Looking ahead, with the onset of May, a decline in Q2 is anticipated. However, instead of fretting, there's ample opportunity for profit through strategic trading. While Q2 might see lower activity, patient trading adhering to your strategy can yield significant accumulation.
As we approach fall, expect increased activity and a notable upward surge, particularly for $ETH. Currently, I hold a long position on $ETH to capitalize on today's drop, aiming for a short-term profit.
Share your thoughts and expectations below, and here's to successful trading! 📈💰
