What this BTC Dip means for Crypto

AAAAAAAAAAHHHHHHHHHHHHHHHHHH

It seemed too good to be true. BTC was stable at around $8000 for a bit. Optimism was creeping back and then this happens.

BTC experience a strong selloff on 7/31. Cue the bears and calls of "NEXT STOP 4K." We probably won't see 4K anytime soon. To keep this in perspective, take a look at BTC's charts over the past few months. This dip shouldn't change anything.

In my opinion, Bitcoin is sitting on the edge of a knife for short term price trajectory. Good news could send BTC back up to $10,000, but bad news could see us relive the horrors of $5800 hell. The SEC's ruling on seven BTC ETF applications is the most clearly delineated catalyst for an upward or downward price shock. If any of the ETFs are approved, then we are

If they are all rejected I will see you at the line for new McDonald's applicants as we plummet to $10 and crypto dies along with all my dreams.

Best of luck!