i think this might be just a small correction before the final fomo spike to 1500-1700usd, after that we probably get bigger dumps
- EWO shows bull div on 4h
- RSI shows bull div on 1d
- might be wave 4 from impulse from 735.26usd bitfinex bottom

Indeed. A 48-hr crazy up and downs can be expected starting Friday, by which SEC would give a decision. If the decision turns out to be "no", are we really gonna expect a plummeting price?

Prepare for the worst?

While many traders indicated that they have braced themselves for volatility, some revealed they have specific plans in case bitcoin prices plunge following the SEC's decision.

At least one market trader has suggested that they are getting reader for the worst-case scenario: a "no" decision, followed by a sharp drop.

Tim Enneking, chairman of Crypto Asset Management, recently told CoinDesk that his team is planning to react accordingly should the situation play out in that way.

"We're going to position ourselves to go short, perhaps massively so, if the market looks as if it's going to drop significantly based on a negative SEC decision," he explained.

Cryptocurrency fund manager Jacob Eliosoff took a somewhat different point of view, suggesting that he would look for opportunities amidst any possible price decline.

"I'm waiting to do some buying on any major dip – I don't think we've seen the last of $1,000," said Eliosoff.