Bitcoin
Long

BTC - BULLISH SCENARIO

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Bitcoin, the top cryptocurrency, dropped from nearly $38,000 last week to under $36,550, a 1% decrease. This happened after a month-long 30% rise, sparking talks of a positive trend.
Even though it hit $35,100 today, the crypto market mostly kept its gains from the surge, hinting at possible more growth and less calmness.
Last week, Bitcoin reached $37,800 due to hopes for a U.S. Bitcoin ETF. But JP Morgan analysts warned about its effect on Bitcoin's value.
Today's drop caused big sell-offs, wiping out over $367 million in a day and affecting 103,000 traders. Bitcoin initially rose due to good U.S. CPI data but settled near $35,400.
BlackRock's Ethereum ETF idea pushed Ether over $2,000, but it's now at $1,974 after falling 6%.
Cryptocurrency values change a lot, influenced by economics and feelings in the market. Investors are watching for rules that could change crypto values.

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