My #btc and #ETF reviews that I shared on muhabbitcom hours ago ❤️
As I mentioned in my last article, I closed all my long positions at the 37400 level and sold my entire spot basket except for gem coins. The SEC will announce its decision on Hashdex and Franklin Bitcoin ETFs by November 17. My expectation is that these two ETF decisions will be postponed to January. This will also create a pullback in the market.
I think that the ARK ETF application, which is one of the ETF applications and should be decided on January 10, will be rejected, and then the applications of BlackRock and other companies, whose third decision stage is on January 15, will be postponed to March 15. In other words, they will first ensure that the 32800 support is broken with the postponement. They will throw us below 25400 with the ARK ETF rejection they will make in January. I think they will make a bottom until March 15 and then move us up with ETF approvals and halving news.
I wrote my general view of the market above. This week, with the ETF postponement I mentioned, I expect a decline to 32800 and then 30500. I have a Bitcoin short that I opened at 38000 and an ETH short at 2100. I plan to carry these positions as much as I can during this process. The vast majority of the money that left Bitcoin last week went to the ETH side. The vast majority of the money that left ETH in the last 2 days has gone to stable coins. I think we will experience a sharp decline after a final import operation from here. There is strong resistance at the 37100 level. The first level I plan for the spot basket is again the 25 thousand dollar levels. Then I will make my second purchases between 20000-22000 and I will decide after watching the market for the 3rd purchase. I will share all the coins I receive with you here via muhabbit.com. Don't forget to follow and support by liking the post.You are loved ❤️
IF YOU PRESS THE LIKE BUTTON I'll be happy 😍
