Before the Bitcoin ETF is approved, the price must reach a high level. Once passed, it can quickly come crashing down. This is the essence. Just like many new coins have the highest price on the first day they are listed on the exchange, and then continue to fall. Before that, one should blindly go long on dips. Instead of continuing to skyrocket after the ETF is approved, because the current rise is digesting the expected benefits of approval in advance, and soon turns negative after the benefits are realized. The first two periods of v-backlash caused by Bitcoin ETFs quickly crashed the market. Due to the inertia of thinking, many people, including me, were trembling during this period of rise and did not dare to let it go. It was a psychological tactic. At this stage, it is unnatural for the market not to pull back, but to move sideways and continue to charge directly. The long trend of medium and large macd is also very strong. It doesn't call back, you can't wait forever. Although this rise may initially go as many investors hope, it may ultimately far exceed their expectations.