With the few bulls still standing the ETF was basically their only hope of a recovery. Now that the ETF has been rejected again we can expect a long term serious bear market to continue exactly as i predicted.
https://www.coindesk.com/winklevoss-brothers-bitcoin-etf-rejected-by-sec-for-second-time/
https://www.coindesk.com/winklevoss-brothers-bitcoin-etf-rejected-by-sec-for-second-time/
Who is "we"?
Furthermore the Winklevoss ETF was already rejected once and delayed by a second attempt with a highly chance of getting rejected again. Most of US expected that to happen. So yesterdays shake out was a good opportunity to buy the dip.
And as WE can see now we have already fully recovered.
Bitcoin's doing good and imo the bottom is in. We may swing for a while between 6.5k and 10k before finally breaking through $10k and move higher.