Once the SEC rejects the ETF, Bitcoin should go straight back to 38,000, or even lower, breaking through the bull market support point.
Because during this round of rise, the hot spot of Bitcoin spot ETF has been repeatedly speculated. The vast majority of the increase in Bitcoin’s doubling in this round is due to ETF.
So once this happens, Bitcoin will directly squeeze out all the gains in ETFs, and then we may usher in a deep wave of corrections, and the kind of callbacks that make people desperate.
At the same time, many institutions have prepared huge amounts of funds to enter the market (at least that's what the news says), and the money will not enter.
The previous round of rises was driven by the entry of many institutional funds. These funds will inevitably encounter a liquidity crisis, and this part of the negative impact also needs to be digested.
The most important thing is that it will greatly damage the confidence of the entire market and bring the market to freezing point again.
Can you bear this result? ? ?
