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Foggi_Crypto
Bullish
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We are still positive on the daily chart, but a pullback may be necessary according to the 4-hour chart. In the short run, a retreat is likely given the chance presented by the false breakout of the wedge in Figure 2. Opportunities are opportunities, of course. I advise against shorting. Your long orders might simply be fulfilled by intraday traders. Any level is waiting to take control here for a retreat. It's a positive trend if the retreat stays below 65K. It's still a positive pullback. There shouldn't be anything to complain about because this wave of optimism has been increasing steadily~🤔 Bullishness is the only feeling, regardless of BTC or ETH. Is it unclear?$BTC

We are still positive on the daily chart, but a pullback may be necessary according to the 4-hour chart. In the short run, a retreat is likely given the chance presented by the false breakout of the wedge in Figure 2. Opportunities are opportunities, of course. I advise against shorting. Your long orders might simply be fulfilled by intraday traders. Any level is waiting to take control here for a retreat. It's a positive trend if the retreat stays below 65K. It's still a positive pullback. There shouldn't be anything to complain about because this wave of optimism has been increasing steadily~🤔 Bullishness is the only feeling, regardless of BTC or ETH. Is it unclear?$BTC

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The Approval of Spot Ethereum ETFs Is Not Going as Planned The approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024 triggered a substantial rise in the bitcoin price. Also, interest in the proposed spot Ethereum ETF has increased. If approved, it could spark another rally in the cryptocurrency market. Are there any opportunities to make money on the eve of the decision to approve the spot Ethereum ETFs scheduled for 23 May 2024? Octa broker's analysts discuss in the article. Understanding Spot Ethereum ETFs Before discussing the features of spot Ethereum ETFs, it is essential to emphasise that they have yet to be approved for trading in the U.S.—but futures Ethereum ETFs have been available for quite some time. Therefore, it is essential to understand the difference. In a spot market, assets such as commodities, currencies, and securities are exchanged for immediate delivery. The same is true for the much-anticipated spot Ethereum ETFs, as they offer a more straightforward and transparent approach than futures ETFs, which buy derivatives without directly owning the asset. By purchasing cryptocurrency directly, the fund tracks the price of the benchmark cryptocurrency more accurately. Due to the more straightforward purchase process, such an investment offers greater profitability and lower management costs. This is the reason for the public excitement around the approval of the spot Ethereum ETF, scheduled for 23 May 2024. #ETHETFS #ETFvsBTC #Write&Earn #writetoearn
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