This time the cryptocurrency market was agitated by the sudden news that Grayscale won the SEC Bitcoin ETF review lawsuit. Bitcoin rarely surged, breaking the narrow sideways situation of the past 10 days. Previous applications for Bitcoin ETFs have been fruitless, and the SEC has delayed the deadline for Bitcoin ETF approval to early 2024. In my opinion, the probability of final approval has been greatly increased, which has great implications for the future development of the cryptocurrency market. positive influence.

Although Bitcoin has risen under the influence of sudden information, it will not last long. When the market digests these sentiments, the price will adjust and fall again, at least until the Fed raises interest rates in September, it will be difficult to have a sustained rise. Fortunately, this rise has eased some investors' nervousness. The bulls still don't need to be too optimistic, and wait for the market price to repair and sort out after a sharp rise. The resistance above Bitcoin is in the area of ​​28000 and 28500, and the support below 26000 is still very strong. Pay attention to the market outlook and try again. $BTC