🚀 BTC Update: Regulatory Tailwinds vs. Market Fear! 📈
$BTC
Bitcoin (BTC) is currently trading at around $110,824, up 0.38% in 24 hours. The market cap is $2.2 trillion and dominance is 59.15%. However, the most important thing is that the Fear & Greed Index is now at 34 (Fear)—which indicates uncertainty in the market, contrary to bullish news.
Core Driving Factor
The Trump administration’s nomination of Michael Selig as the next CFTC Chairman is a huge positive for the crypto market! Selig is considered “pro-crypto” and could create a “builder-friendly” regulatory framework for digital assets. This move could help reduce regulatory friction between the SEC and CFTC.
Trading Strategy & Risk
The current "Fear" sentiment could create a Buying Opportunity. Traders should watch for the MACD crossover and RSI moving towards 70. If the price sustains above the recent high, it will be a positive signal.
The main risk is a delay in confirming Selig's nomination. Also, the lack of discussion among retail investors suggests that the news is not yet fully priced in.
💡 What do you think? Can this regulatory change take BTC to the next resistance? Let us know in the comments!
@CZ @rumour.app @Will-123 PORTAL LATINO @Market Muse @Morpho Labs 🦋 @Binance Academy #Binance @Bit_Rase @mhzr @ALEX Crypto King @Crypto Geni
Bitcoin (BTC) is currently trading at around $110,824, up 0.38% in 24 hours. The market cap is $2.2 trillion and dominance is 59.15%. However, the most important thing is that the Fear & Greed Index is now at 34 (Fear)—which indicates uncertainty in the market, contrary to bullish news.
Core Driving Factor
The Trump administration’s nomination of Michael Selig as the next CFTC Chairman is a huge positive for the crypto market! Selig is considered “pro-crypto” and could create a “builder-friendly” regulatory framework for digital assets. This move could help reduce regulatory friction between the SEC and CFTC.
Trading Strategy & Risk
The current "Fear" sentiment could create a Buying Opportunity. Traders should watch for the MACD crossover and RSI moving towards 70. If the price sustains above the recent high, it will be a positive signal.
The main risk is a delay in confirming Selig's nomination. Also, the lack of discussion among retail investors suggests that the news is not yet fully priced in.
💡 What do you think? Can this regulatory change take BTC to the next resistance? Let us know in the comments!
@CZ @rumour.app @Will-123 PORTAL LATINO @Market Muse @Morpho Labs 🦋 @Binance Academy #Binance @Bit_Rase @mhzr @ALEX Crypto King @Crypto Geni
Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
BTC
110 745,13
-2.59%