ETFs will plummet if rejected;

If the ETF passes and is expected to be implemented, the probability of a short-term correction is also high. Now the market is gaming the space before the ETF is implemented, which has the taste of a fishtail market.

BTC is now close to US$40,000, with a historical high of US$69,000, and the space is less than 80%. The energy brought by ETFs and halving is not enough to compare with the market environment at that time of US$69,000. Therefore, there is limited room to continue to rise sharply, waiting for interest rate cuts to bring about a big bull market. #BTC