Bitcoin Alert: Leading Trader Signals Possible Bull Trap with Imminent Sell-the-News Scenario

The crypto market may be setting up a significant trap for bullish traders, warns prominent crypto strategist The Flow Horse. 

With a notable liquidation event occurring recently, The Flow Horse expresses caution, noting that despite the optimism in the aftermath, a potential sell-the-news event looms. The analyst suggests that the impending approval of spot market Bitcoin exchange-traded fund (ETF) applications, anticipated by some for next month, could be the catalyst. 

Notable figures like Chris Burniske have voiced skepticism about the bullish impact of such approvals, citing potential sell-offs or, in the case of approval, pre-emptive buying. The Flow Horse hints at the possibility of Bitcoin dropping below $40,000, emphasizing the need for caution in the current market dynamics.

Clever Robot News Desk 14^th December 2023