💥📉 Explosive Update on $BTC: Post-ETF Analysis 💣📈

Recent market events have taken everyone by surprise. After the ETF's approval, a cascade of liquidations shook the landscape, totaling 112 million longs and 19 million shorts in the last 24 hours. While the community expected a bullish surge, Bitcoin delivered an opposite scenario, illustrating once again that the market tends to defy mass expectations.

Highlights from the last 24 hours:

🔸 Mass Liquidations: 85.5% of total liquidations occurred during this period. An intriguing signal, perhaps indicating preparation for a long-term upward move.

🔸 Break of the uptrend line: A notable change in momentum, prompting caution and careful observation of next steps.

🔸 Window of Opportunity: For intrepid investors, the buying window is between 38,000 and 41,000, with key support at 41,400.

Scenarios to Consider:

1️⃣ Go down towards 35,000 to 38,000: A possible scenario to monitor, involving an additional drop to obtain liquidity before starting to rise again.

2️⃣ Start of a New Bullish Period: The optimistic alternative suggests that Bitcoin has consolidated the necessary liquidity and could begin an upward trend.

Conclusion: A Contrasting Picture 🔄

Bitcoin's current trend is down on short scales, but consolidating on the daily time frame. In the long term, weekly and monthly trends remain bullish. A short position could be considered from 44,300, considering this level as likely resistance. Stay tuned, market dynamics are changing quickly. #BTC2024 🌐🚀