Hey Everyone💚After a catastrophic dump of 10% in less than 15 minutes, BTC is poised to regain its lost momentum back. 🔥Bears are holding their clutches tightly to dive in more deeper and snatch BTC from the loose hands. The same bears are gonna buy your BTC at a cheaper price. Don’t let them buy your BTC ❎, hold tight in your spot trades. ‼️Here’s the Key support and Resistance levels for $BTC ,New support - 41,300New Resistance - 42,800If BTC falls below 41,300 it can dump to 39,500 region or below. You can expect bullish momentum back if there is a breakout in the resistance area of 42,800.✅Spot traders no need to worry. BTC is going way upper than you thought of🔥. But those of you trading in future, be cautioned. Crypto market is volatile, stay vigilant ‼️2 minutes silence for those who’re passing by. Don’t be a loose finger, hit the like button!😉Cheers 🍻 #BinanceTournament #BTC #ANALYSIS #ETFRally

In what may be a massive development for the industry, the US Securities and Exchange Commission (SEC) talks with Spot Bitcoin ETF issuers have advanced to key technical details. Indeed, Reuters reported the progressions in discussions, and why it may signal a shift toward a potential approval.The report notes that 13 firms have pending Bitcoin ETF applications currently with the agency. Moreover, those entities include asset management firms like BlackRock, Fidelity, Grayscale Invesmtns, and ARK Investments. Earlier this week, several of those firms made important amendments to their applications.SEC And Spot Bitcoin ETF Issuers Talks Make Notable AdvancementFor much of the last several months, the digital asset market has pondered the impact of a potential Spot Bitcoin ETF approval. With more than a dozen firms seeking to create the investment product, the SEC could be poised to issue a landmark approval. Therefore, marking the very first Spot Bitcoin ETF in the United States.Now, that prospect may be another step closer to becoming reality. Indeed, Reuters reports that the SEC and Spot Bitcoin ETF issuer’s discussions have advanced to key technical details. Moreover, the report notes that this could be indicative of an impending approval, according to industry executives.Throughout the market, there remains the belief that such a Bitcoin ETF would provide an optimal way for investments in digital assets to take place. However, the SEC has long stood against this ideal. Subsequently stating that the product presents a danger to these investors.Yet, since a court loss in August regarding Grayscale’s ETF application, the SEC appears to be more open to issuer discussions. Now, the reports have indicated that these discussions have presided regarding “substantive details.” Ultimately, these kinds of talks regarding things like customer arrangments and investor risk disclosures typically signal the application process is nearing its conclusion.#BTC #ETFRally