SEC approves BlackRock spot Bitcoin ETF options, Bitcoin is blocked at 64,000
Yesterday's market review, BTC fell after hitting 64,000 US dollars, and fell directly below 63,000 after the US stock market opened in the evening. It rebounded near 62,350 at 2 am, and the current market is consolidating near 63,000.
The market fluctuated little over the weekend, and it will take 2 days to repair here, and wait for Monday to see the direction.
In the morning, the news came that the U.S. Securities and Exchange Commission (SEC) has approved the options of BlackRock's spot Bitcoin ETF. The news has not caused market fluctuations. Perhaps there are fewer people playing options, and the impact is relatively small. The role of options is to hedge in extreme market conditions and protect spot positions.
Today's market analysis, from the K-line, BTC is in a sideways trend at the one-hour level (MACD indicator indicates that it will soon go up), the 4-hour level is a downward trend, the 12-hour and daily levels are in an upward trend (but the momentum seems to be insufficient and has entered the final stage), the intraday pressure level is 64600, and the support level is 61530.
