How Bitcoin ETF will play out

Bitcoin ETF approval, how it will play out

By Ticktalker | ticktalker'sblog | 2 Jan 2024


Only a few more days for one of the biggest events in the crypto industry to play out, BlackRock BTC ETF approval, a lot of people have become prepared to dump on the market and some others are so prepared to buy it with the expectation that BTC will hit a new ATH.

Whichever side of the coin you find yourself just be prepared cause the market is going to move both ways.

Here is my analysis of how the market will play out:

 

1️⃣ Approve the Bitcoin spot ETF

 

2️⃣ Pump on announcement and trap the bearish sell the news traders.

 

3️⃣ Dump after initial pump to trap the bullish up only traders.

 

4️⃣ Pump again and start the real bull market.

 

Trap the bulls and trap the bears.

 

Traders rekt, holders win.

 

The spot ETF effect 

 

Bears think it's a trap, bulls dream of liftoff. One thing's for sure: the spot ETF's gonna shake things up. Regardless of what you think it is time to make smart move, get a printing press because we are going to print this market hard.

I don't mean for you to follow every move the market makes or else you may catch falling knives.

How much initial "sell the news" dump no one knows. Thus, I'm definitely not bothered to trade it. Just hodl and enjoy the FOMO coming on board.

 

We’ll have 11~ new ETF approvals, with brokers processing years worth of client interest to generate fees.

 

Traders opening shorts will be squeezed. We go up more, more people sidelined from derisking spot.

As usual, other narratives will pump along with Bitcoin, I have selected some that in my opinion may be the winners of each narrative and they are:

L1: $Sol

L2: $TET

DATA: $ODIN

AI: $PAAL

GPU: $RNDR

Regen: $VRD

Gaming: $CREO

DEX: $RVF & $ZCX 

RWA: $PROPC & $RIO 

Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.

Making each day count in the world of crypto is crucial for success. Plan, research, and learn to stay ahead. Keep pushing, legends! 💪💯

Until next time, stay SAFU.

Please whatever is written in the article above is for educative purposes only. I am not a financial advisor.

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Ticktalker
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I am a comic relief content creator and web3 enthusiast, I write contents to share things I learn and research about.


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