What happens when Crypto Chessboard flips?

In-depth analysis considers various factors:

Despite the approaching Bitcoin halving.

We consider the following:

1. Acknowledging the historical price surge before the Bitcoin ETF launch, making it resistant to substantial capital investments.
   
2. Recognising the lack of momentum post-ETF launch and the struggle to breach the upper resistance around 51-52k.
   
3. Taking into account the challenging global economic situation, particularly in the United States.
   
4. Highlighting the potential impact of a Black Swan Event, investigating the consequences of a fictitious ETF post.
   
5. Addressing uncertainties following CZ's departure from Binance as CEO, posing another potential Black Swan event that could push prices below the Wyckoff distribution phase boundary at 24-22k.
   
6. Speculating a third logical move by corporate traders to increase market liquidity, creating a massive bull trap to attract influencers and optimists anticipating a significant Bitcoin ETF-driven price surge, leading to widespread doubt in Bitcoin and a gradual decline to the Wyckoff lower support.
   

Related Financial News:
- Bitcoin's halving event draws attention from traders, with speculation on its potential impact.
- Historical price patterns show resistance before major events like ETF launches, impacting capital flow.
- Global economic uncertainties, especially in the U.S., contribute to the overall market sentiment.
- Increased scrutiny on potential Black Swan events, emphasizing the need for risk assessment.
- Binance's CEO change introduces an element of uncertainty, potentially affecting market dynamics.
- Corporate traders strategizing for liquidity boosts, creating opportunities for market manipulation.
- Influencers and optimists fuel expectations of a Bitcoin ETF-driven surge, but skepticism prevails due to historical patterns and external uncertainties.