Bitcoin quickly surged to $30,000 in response to news of the supposed approval of BlackRock's Bitcoin Spot ETF 📈. However, soon after this, BlackRock itself denied this information, causing a wave of indignation among investors 🙅‍♂️.

Such sharp fluctuations in the cryptocurrency market are often perceived as manipulation and can create opportunities for both shorts and longs. Investors are looking to adapt their strategies and reset their expectations. In this case, many are suggesting that stops for short positions are concentrated below $25,000 💡.

The market is expected to remain unpredictable and volatile in the near future and investors will continue to closely monitor news and developments. Bullrun development could take a few more months, and many remain cautiously optimistic 📅.

#BTC