2 Scenarios Before #BitcoinETF💰💰💰 Approval and How to Respond
🔸Good News Scenario
🔸Not So Good News Scenario
🔸---Good News Scenario---🔸
If #Bitcoin goes up to $48.5k, it might mean things are getting too hot. That's where 1D to 1W holders hit 8%, suggesting a possible correction. $48.5k is the average for long-term holders who are currently not winning.
🔸--Not So Good News Scenario--🔸
When Bitcoin goes up, it often comes down 20-30%. Brace for a correction. If it drops, watch out for $34k and $30k as support levels. Check the chart for more clues.
🔸---Final Thoughts---🔸
The Bitcoin ETF approval is a big unknown. Things could get risky. Keep an eye out and be careful with your crypto moves.
