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January 11, 2024, BTC ETF’s have been passed, directly we seen a spike up, everyone loning and a result of -13% in a 24h timespan, the total retrace of this move has been 21.7%
Where are we now? Right before passing the clarity act? Same spot, range high, crawling towards 80k with a simular significant event pending, where everyone will probably long, we shoot up and it imo becomes another “sell the news” event.
Where would that put BTC? Well with the 21% retrace exactly at at 50% wickfill of the 60k drop… coincidence? I think not.
Data doesn’t lie, time will tell $btc