In case the EFT is approved, there could be an upward wick to the range of $48-51K, followed by a probable rejection. In this scenario, there are two choices: to wait and observe, or to actively trade based on the expectation of an EFT acceptance.

If you're willing to take the risk and trade on this expectation about EFT Approving, we will share a trading setup below this update. If you prefer to wait and watch, you can ignore this trade setup.

In my opinion, the news might come with selling pressure. Let's see how it unfolds.
https://www.tradingview.com/x/Ul88UrTw/

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Target 3: 49073

#BTCUSDT: What we are waiting for!
we look to pump from support line with breakout to $47-48K followed by hard DUMP/PUMP to $36K/$43K during Jan or end of it,This view will be invalidated if BTC breaks down below $40K or closes the monthly period below it, which, in our opinion, has a low probability of happening.

As of now, the strategy is to wait for a breakdown below $43,500, followed by $40,500 If this confirmed the potentially reaching $36-34-30K will increased.

The key focus at the moment is on the performance around the $43,500-40,500 range.

we look to pump from support line with breakout to $47-48K followed by hard DUMP/PUMP to $36K/$43K during Jan or end of it,This view will be invalidated if BTC breaks down below $40K or closes the monthly period below it, which, in our opinion, has a low probability of happening.

“I know what I have given you...
I do not know what you have received.”
― Antonio Porchia

Stop-Loss: 29484