11 days until potential Bitcoin ETF Approval
The news of a potential Bitcoin ETF approval has been the talk of the crypto space for the pasted few months, the fake news of about a Bitcoin approval was what spiked up the recent Bitcoin pump from $27k to where it is right now, there is a lot of hype around this Bitcoin ETF Approval and i feel a lot of people might get caught on the wrong side of this Bitcoin trade if they are not careful. The expection on the Bitcoin ETF Approval is a lot which could end badly and not as we all expect, so i would advice that whoever is trading on crypto futures to use their stoploss very well so they do not lose too much.
The number 1 rule of investment is to protect your capital hence use your stoploss wisely, also manage your expections on any trade, never have too much or high expectations on any trade, so you can control your emotions and not make emotional decision that can affect your trading account. this Bitcoin ETF Approval will get a lot of retail traders excited and hyped up that wall street's money is about to follow in into the crypto market, when the Bitcoin ETF Approval does not get approved the market will probably dump like crazy before the Bitcoin halving.
According to my experience, event that have been scheduled like this, are usually the opposite of what we expect.
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I agree, after going from 15k to 44k might turn into sell the news what ever the scenario is for the ETF specially before the halving as some big players would love to buy into the 30ish area again, good times ahead 2024 for crypto ✌️