Does fake news about Bitcoin ETFs predict the future trend of Bitcoin? Reports of false Bitcoin spot ETF approvals have affected Bitcoin price volatility and raised concerns among market observers. False reports claiming that the U.S. Securities and Exchange Commission (SEC) had approved a spot Bitcoin ETF proposal put forward by BlackRock caused the price of Bitcoin to rise by approximately 7% in a matter of minutes, reaching around $30,000. However, once it was confirmed that the SEC had not actually approved the product, Bitcoin prices quickly fell back, falling to $28,450 as of 3 p.m. Wednesday. This false report is just an initial reaction, and actual approval by the SEC may trigger a larger price increase. They believe the market is not fully priced yet, so prices may continue to rise when approvals are actually given. Joel Kruger, market strategist at LMAX Group, said that spot Bitcoin ETFs are expected to attract large-scale institutional adoption, and he expects prices to exceed $42,000. Due to Bitcoin's scarcity, he believes this will trigger a multi-month price rally that retests and breaks all-time highs, especially after Bitcoin prices reached an all-time high of approximately $69,000 in November 2021. In summary, false reports caused short-term volatility in Bitcoin prices, but real SEC approval could trigger a larger price increase. There is strong market demand for Bitcoin ETFs, especially from institutional investors and corporates, which will bring more capital and trading volume to the market. While Grayscale Investments has emerged victorious, the market is still awaiting official approval. The discount on GBTC shares is gradually decreasing, indicating that investors have higher expectations for the ETF. Once these products are approved, there will be an influx of capital and trading volume.

Yesterday, a piece of fake news about Bitcoin through ETF caused the price to skyrocket. The Air Force in the contract market is even more in mourning. The highest point of Binance spot is 30,000. The highest price of the Binance contract has also reached 30720. Due to the death spiral caused by the Air Force liquidation, there is a certain gap between the spot and contract prices. The market has been quiet for a long time, and we haven't seen such a pull-up for a long time. It does add some color to the dull and boring market. This suddenly reminded me of that time when I spoke so loudly. Coming back to the market, Bitcoin is now trading above 28,000. If it can stand above 28,000, then we can still look forward to the future market. At present, the open interest of the contract has fallen back to its original point. Indicators in various aspects also need to be repaired. If you want to start the market, the next best thing is to oscillate above 28,000. Otherwise, it is possible to get out of the negative market. #etf #BTC

#BTC #Eth First of all, I wish you all a happy Mid-Autumn Festival, family reunion, good health, and everything goes well! After a period of slight rise, Bitcoin has reached a large pressure level. At present, the short-term trend is still very good. Here, the short-term has already had a wave of impact. Personally, I think we should continue to test it in the short term. We’ll see what the specific intensity is then! As for Ethereum, this rebound is obviously stronger than that of Bitcoin. The upper pressure level of Ethereum should be around 1700-1720. If the boss and the second child can go hand in hand and resonate strongly, then the market can still expect a wave! Intraday support: near 26800 Resistance level: around 27400 #BTC #ETH Intraday view: shock + rise

#BTC 0581787580#btcThe new week is not a good start. Bitcoin has gone down for another period. Although Ethereum doesn't seem to have fallen too much, that's because it has already fallen in advance, and it was not too strong before. Looking at the comprehensive indicators, the market is not going well. Whether it is a large level or a small level, it is in a state of falling resonance. Although the overall decline is not too much, it is really uncomfortable to be cut by a soft knife. If the market is here, it is still recommended to wait and see and minimize operations! Intraday support: around 25900 Resistance level: around 26500 Intraday view: shock

#BTC #ETH Bitcoin has basically had no fluctuations in the past two days because it is Saturday and Sunday, and the intraday volume is still very weak. The price at the one-hour level has been suppressed since it came down. This wave of rising prices is actually going very slowly, and it is also suppressed by the pressure of being unable to break through the daily line with heavy volume. In terms of copycats, except for a few that have some hype points, most of them are in a state of general decline, which also makes people feel uncomfortable. Here we have to wait and see. Take a look and see how the new week goes tomorrow, Monday! Intraday support: around 26300 Resistance level: around 26700 Intraday view: shock

#CZBig Cousin is the first man to block CZ on the Internet. Have you ever wanted to be mean at that moment? Attended Binance’s dinner on the 19th. It may be that the three generations of ancestors have accumulated more virtues. Got CZ’s Twitter following. At that moment I was at a loss. I feel like I have reached the pinnacle of my life. There is quite an illusion that Changpeng is in the east, Li Lin is in the west, Xiaolai is in the south, and Yuchen is in the north. During those two days, I felt like my wife worked a lot harder when kissing me. I don’t mind the smell of cigarette smoke in my mouth either. A sure winner in life. But extreme happiness often leads to sadness. It was that moment, that moment. I can't control the bad genes in Ren and Du's second lineage. My hands trembled as if they were touching a girl's jiojio for the first time. I do not know why. Don't know for what purpose. He was just confused, maybe he wanted to show off to his companions. See how awesome I am, I dare to block CZ, then I clicked to block CZ. Then unblock it again. I find! ! ! ! I lost CZ's attention! ! ! I'm gone...? I am seeking death! I'm crazy to die. @cz_binance, forgive your ignorant brother, children always make mistakes. Give your child some more attention. I also want to be the pride of the whole village. I also wanted to be the sexiest guy. I know you are in Dubai. I am now facing the west and will give you three kowtows. Give me some more attention.

#BTC #ETH In the past two days, it has been mentioned that the market is relatively weak and be careful of the risk of falling. After falling yesterday, the market has rebounded. However, the intraday energy shows that the rebound is still relatively weak. There has yet to be a decent rebound. From a visual inspection of this location, it will be shaking for another two days. So far it looks like this. The short trend is obvious in four hours. Currently hanging out in the Vegas corridor. Exactly what happens next remains to be seen. Intraday support: Near 26300 Resistance level: 26900 Intraday view: Shock

#BTC #ETH

Today, Bitcoin is a little weaker, and the consolidation is not strong enough. If the daily suppression cannot be broken through for a long time, we have to consider the risk of a correction, but at present it is not bad. Even a downward correction should not be too deep.

Also took a look at bch. On the whole, it is stronger than the pie. Friends who haven't started yet can consider it and place the stop loss at around 200.

Intraday support: around 26700

Resistance level: around 27500

Intraday view: shock