NBS on Nostr: Ye ole' buy the rumor, sell the news has come to fruition. BTC reverted the entire ...
Ye ole' buy the rumor, sell the news has come to fruition.
BTC reverted the entire rally (and then some) from Jan 7th/8th, which was just days ahead of the expected ETF approval.
On a longer time frame, BTC is now closer to the mid-December lows when the ETF was simply being discussed.
I still think over the next few weeks/month or two we could see BTC back down to $35k or so.
I took off half of my long ETH/short BTC pairs trade. Just a short-term trade, still long BTC in cold storage.
BTC reverted the entire rally (and then some) from Jan 7th/8th, which was just days ahead of the expected ETF approval.
On a longer time frame, BTC is now closer to the mid-December lows when the ETF was simply being discussed.
I still think over the next few weeks/month or two we could see BTC back down to $35k or so.
I took off half of my long ETH/short BTC pairs trade. Just a short-term trade, still long BTC in cold storage.