Spot ETF will determine the short-term trend of BTC.
Spot ETF is an important bullish force for BTC in the near future and also a major driving force for BTC's rise this year. The spot ETF transactions in the next two days will determine the short-term trend of BTC.
Currently, btc is in a critical position, and the short-term trend in the next week to one month will likely determine the direction of the remaining time this year.
If the spot ETF continues to flow in the next two days, BTC should perform well this year. I personally believe that it is highly likely to consolidate in the strong range (above 61,000 or above the 20-day moving average) and then make another upward move.
For cryptocurrencies, I only buy BTC and only trade spot ETF for a long-term strategy. I don't understand other currencies, so I don't touch them.
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