Bitcoin support at $4700 if that doesn’t hold then $3000

Unless a catalyst such as a successful launch of the Swiss ETF or an approved ETF in the US, Bitcoin will continue to be in its downtrend. Consider the fact that an ETF might not be positive for BTC or the market at whole. If crypto can’t scale adoption such as being able to spend at a gas station or be managed from your existing bank account I believe it will remain stagnant and a niche between cyber intellectuals.