Yesterday we deliberately did not read any media and did not open charts, so as not to make mistakes due to emotions.
Today, after reading the news about the approval of the ETF, we were quite surprised that Bitcoin $BTC did not react to this event at all.
But in general it is quite easy to explain:
1. Positions with leverage were liquidated on January 8th.
2. Everyone who wanted to get into the ETF before the ETF seems to have gotten in.
🔹 At the same time, ETH began to grow on such news, and the growth of ETH began on January 8th, which indicates insider purchases.
As it turned out, the reason for the growth of $ETH is that now there is an information feed for the ETH ETF, which in theory could be approved as early as May.
Since you and I already know from the example of Bitcoin that the price will rise due to rumors about ETFs, we can draw an obvious conclusion that in the medium term ETH will grow very well and those who do not have positions in ETH need to look for an entry point.
📶 Regarding alts
Many alts have already rolled back well, and some alts have already begun to grow. Therefore, we see no point in sitting outside the market while it allows us to earn money.
We will begin to gain new positions on alts with stops.
📉 Will there be a correction?
Of course it will, it’s just a matter of time. Especially considering that Bitcoin now has no growth drivers.
Yes, soon the halving and this topic will begin to be actively discussed in the media, but obviously the promotion of this news feed will not begin now, but only after the market correction.
📊To summarize:
1. Now we need to look for entry points into ETH, since by May it will grow very well.
2. Bitcoin is not interesting for purchases now, since there are no new informational reasons for growth.
3. Many alts have rolled back well and now it makes sense to take a number of alts with stops.
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