The US Senate unanimously approved a resolution against any presidential pardon for Sam Bankman-Fried. In an almost evenly split Congress, the rejection of SBF united Democrats and Republicans. The message is clear: crypto fraud will have no exceptions, no matter the lobbying or political connections.
For the industry, this reinforces that it must operate under the same rules as traditional finance. It dispels the specter of impunity through influence and strengthens long-term credibility. But the market isn’t reacting with euphoria: Bitcoin is trading at $64,051 (-1.41% in 24h), rebounding from liquidity swept below $64,450 within a multi-timeframe bearish structure. Biases on the Daily, Weekly, Monthly, and Annual timeframes remain at -1 (bearish), while the 4H shows +1 (bullish) and the 1H returns to -1.
The Wyckoff thesis points to a possible upthrust: a bounce toward above-side liquidity within a bearish daily context, a bullish trap until proven otherwise. The Fear & Greed Index stays at 25 (Extreme Fear), unchanged.
Can this political consensus be the turning point for institutions to regain trust, or is it just noise while the technical structure continues to signal weakness? What do you see in the price right now?
#SenatePassesResolutionOpposingSBFPardon
For the industry, this reinforces that it must operate under the same rules as traditional finance. It dispels the specter of impunity through influence and strengthens long-term credibility. But the market isn’t reacting with euphoria: Bitcoin is trading at $64,051 (-1.41% in 24h), rebounding from liquidity swept below $64,450 within a multi-timeframe bearish structure. Biases on the Daily, Weekly, Monthly, and Annual timeframes remain at -1 (bearish), while the 4H shows +1 (bullish) and the 1H returns to -1.
The Wyckoff thesis points to a possible upthrust: a bounce toward above-side liquidity within a bearish daily context, a bullish trap until proven otherwise. The Fear & Greed Index stays at 25 (Extreme Fear), unchanged.
Can this political consensus be the turning point for institutions to regain trust, or is it just noise while the technical structure continues to signal weakness? What do you see in the price right now?
#SenatePassesResolutionOpposingSBFPardon