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Last night saw a surge in Bitcoin's price, reaching $64,000 with the launch of the approved Hong Kong ETF. However, trading volume was lower than anticipated, failing to breach the $64,000 resistance and pulling back to $62,000. As the Hong Kong ETF's trading hours concluded, disappointed traders witnessed the price dip further to around $61,600 due to the lack of expected activity. If Bitcoin fails to reclaim the $62,000 mark, a potential decline to $60,000 looms. Anticipating this, traders are eyeing a significant reaction at $60,000, supported by the convergence of the lower bollinger band and historical support levels. With the onset of May, expectations of a Q2 decline persist, yet opportunities for profit remain through strategic trading. While Q2 may see lower activity, patient traders adhering to their strategies stand to accumulate gains. Looking ahead, bullish activity is anticipated in the fall, particularly for Ethereum. Currently holding an Ethereum long position to capitalize on the day's drop, traders remain vigilant, ready to adjust their positions accordingly. Sharing insights and expectations fosters a community of informed traders, contributing to successful outcomes for all.

Last night saw a surge in Bitcoin's price, reaching $64,000 with the launch of the approved Hong Kong ETF. However, trading volume was lower than anticipated, failing to breach the $64,000 resistance and pulling back to $62,000. As the Hong Kong ETF's trading hours concluded, disappointed traders witnessed the price dip further to around $61,600 due to the lack of expected activity. If Bitcoin fails to reclaim the $62,000 mark, a potential decline to $60,000 looms. Anticipating this, traders are eyeing a significant reaction at $60,000, supported by the convergence of the lower bollinger band and historical support levels. With the onset of May, expectations of a Q2 decline persist, yet opportunities for profit remain through strategic trading. While Q2 may see lower activity, patient traders adhering to their strategies stand to accumulate gains. Looking ahead, bullish activity is anticipated in the fall, particularly for Ethereum. Currently holding an Ethereum long position to capitalize on the day's drop, traders remain vigilant, ready to adjust their positions accordingly. Sharing insights and expectations fosters a community of informed traders, contributing to successful outcomes for all.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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