A few thoughts

The reason why we had this retracement from $73.8k to $67k is the big selling pressure in the range $73.8k-$75k.

Bitcoin touched that range and that selling pressure brought it down. Now that we have the ETF it is just a matter of time to exhaust that range and push for higher price.

Let’s give the ETF some days to exhaust that pressure, and then we will back on track

The question is what time exactly? a week, a year or three years?

Willmartinzone said:

The reason why we had this retracement from $73.8k to $67k is the big selling pressure in the range $73.8k-$75k.

Bitcoin touched that range and that selling pressure brought it down. Now that we have the ETF it is just a matter of time to exhaust that range and push for higher price.

Let’s give the ETF some days to exhaust that pressure, and then we will back on track

Click to expand...

It has probably more to do with Grayscale (Greyscale? can’t be bothered to look it up, Lol) dumping their BTC because a huge amount of their clientele is switching to the cheaper Blackrock BTC ETFs (IBIT) in terms of brokerage fees. I‘m pretty sure everything that’s going to get sold today will be scooped up soon enough by the ETFs.

and yeah, probably some people taking profits as well.

Willmartinzone said:

The reason why we had this retracement from $73.8k to $67k is the big selling pressure in the range $73.8k-$75k.

Bitcoin touched that range and that selling pressure brought it down. Now that we have the ETF it is just a matter of time to exhaust that range and push for higher price.

Let’s give the ETF some days to exhaust that pressure, and then we will back on track

Click to expand...

wen 1 monkey folds and folds alot
all the rest of the sheeps starts folding because they dont want to risk it.

not everyone is in for the long game.