- A #trader who successfully predicted the earlier crypto rally this year is currently staying on the sidelines due to Bitcoin's recent loss of gains from #BlackRock 's ETF application.
- The recent Bitcoin correction that dropped #BTC below $26,000 indicates to the trader that bears have taken control of the market.
- The trader notes that the retracement of gains from the #BlackRock ETF news signals weakness, as the market is trading at levels that were not expected to be revisited.
- The trader will only reconsider their stance if Bitcoin reclaims $30,000 or drops to $18,950.
- Trader sentiment towards altcoins suggests that it's not the right time to re-enter the crypto market, as many are buying alts after the #consolidation broke to the downside.
- Currently, Bitcoin is trading at $25,945.
