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What will be your trading strategy on the Eve of Bitcoin ETF Approval

09-Jan-2024 By: Lokesh Gupta
What will be your tr

BTC surpasses $47,000 following 21 months of Bitcoin ETF expectation.

What will happen if BTC ETF get approval

What will happen if BTC ETF get rejected

Buy On Dip Strategy:

  • After the effect of the News, a potential buying opportunity may arise.

  • The favorable buying zone is expected to be within the $36,000-$38,000 range, in line with FIBO levels.

  • This zone is deemed optimal for purchasing, particularly considering the upcoming Bitcoin Halving event in April.

  • The buying opportunity is also influenced by a reassessment of the SEC's stance on the Spot ETF approval process.

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