Yes, people need to be excited, despite it just being a small pump in bitcoin,because there is much joy in someone seeing their investment grow. It is lovely to see the Bitcoin price going up as Bitcoin investors. The investors hardly care much about what is moving the Bitcoin price, but all they want is to see their investment grow.
 
It is undeniable to believe that it is not the news of the Bitcoin ETF that is getting close to approval that is pumping the price of Bitcoin currently, but all I know is that even without the news or any approval of the Bitcoin ETF, the price of Bitcoin will still rise when it is the right time, especially when it is the bull run period that we are expecting after next halving, and now the time for halving is now getting closer, which is a few months to go, and after we are expecting the price of Bitcoin to start moving higher after a few months that halving occurred.
 
Even bitcoin ETFs are rejected. I don't expect people to panic and start selling their Bitcoin because there is hope in the near future because of the next halving, and they have much proved that after each halving we are going to experience a bull run. So with that, I believe that people will hardly sell their Bitcoin investments, and they would like to experience that bull run that a lot of people are talking about and waiting for.

Whether someone will panic or not depends on how old or new they are in the market and how strong their knowledge is regarding the market and its movements. Someone who has joined the market recently and doesn't even have much knowledge about it or its history will undoubtedly panic if they see the market declining right after they make some purchases because they will start thinking that they will lose their money once they see the value of their portfolio dropping constantly.

So, there will always be some people who would panic when they see the market going down, some of them might sell their assets but some might still hold after panicking just because they don't want to incur losses. Only people with a strong belief in Bitcoin and the market will keep holding since they know it's just a correction.

Nothing can stop the growth of bitcoin in the long term, but in the short term we should not deny that the Fed, SEC, interest rates , or ETFs will not affect bitcoin, that is not true. Bitcoin is also part of the world economy and those people are the ones who control this economy so they will also have an impact on bitcoin .
I don't know if the ETF is important for bitcoin, or whether it will have a positive or negative impact on bitcoin. But one thing I'm pretty sure of is that ETF are inevitable whether we like them or not.

In short, this is the advice that has been given since 2009:  fiat price volatility is pretty irrelevant, don't look at the price daily, come back in a few years and you'd have been happy.  The long term trend has been an increase in fiat price as more people recognize the value proposition in bitcoin. 

Whatever  that comes against Bitcoin  will fail.  Many have tested and failed. The one way you can fail with your Bitcoin is by leaving your Bitcoin in the custody of centralized exchanges.
Whatever has done research about Bitcoin will not panic you just have to ensure the security of your Bitcoin  is already safe and able to retrieve whenever needed.
Panic attacks are for users not in control of the Bitcoin holdinthry have. It will take a lot but you have to hold as a good Bitcoin  enthusiasts and maximalist.

No need to get panic about the market,  because whatever that maybe the challenge of the market is just their for temporary,  it is not  going to last long. Hodling is always the target and this must be achieved . No need to be panic about what we see in the market when the price is going down,  when it is down it won't continue to go down, thus just a case that happens fir the moment.  Keep holding and never be in panic to sell out of lose .

This piece of advice is most appropriate for newbies. For sure, a lot of us have been enjoying the positive price of bitcoin but I know, when bitcoin price suddenly drop again, newbies in the market will probably panic and may resort into early selling of their coins.

We should always remember that whatever the result of this bitcoin ETF, if it gets rejected, the negative effect will not stay permanently. Bitcoin may suddenly dump its price again and that's normal. But for sure it will recover easily especially that bitcoin halving is fast approaching, so we must hold on to our bitcoin and stay focused on our goal and that is to maximize our profits when bull run is set to happen.

It's a pity if they sell now just because of the 2x profit after buying at $18K this is still too low to get the potential of bitcoin is much greater so as much as possible should remain resistant until next year or at least it has passed 2025 then it is estimated that the price is much higher above $100K.

I will not be stupid to sell now, but too complacent with the profits when this is not how, keep what I can, will not be tempted even if the price is above $50K as I said the price will be much higher.

Just hold on to your patience and practice that patience.

I would agree that if a bitcoin ETF does get shut down for some reason that the last thing everyone should be doing is going out and selling theirs.  This is of course called "panic selling" and is typically always the wrong idea for "investors".  It would seem to me that an ETF is now inevitable, so if it doesn't pass this coming round for whatever reason, it's only a matter of time until it does.

Indeed. Why is it a big deal now? For numerous times, the SEC has rejected spot Bitcoin ETF applications. As a matter of fact, they denied all of them. Have we panic sold our Bitcoin? Did Bitcoin stop reaching new ATHs? Of course, not.

Today's rejection means a new application tomorrow and so on until such point comes when one is finally approved. When that happens, the others will also be approved. In other words, it's always a matter of when.

There's no reason to lose hope. There's already a futures Bitcoin ETF in the US. There's already spot Bitcoin ETF in other countries. There's no reason why a spot Bitcoin ETF won't get into the US market.