Bulls and bears are fighting, and the good show is about to begin

1. Although the U.S. stock market did not open overnight, $BTC still had large fluctuations. It was pulled up from 68400 to 70500 US dollars before there was a significant correction. The bulls and bears will definitely decide the winner at the 70000 line. From the 1-hour K-line, it is currently a bearish trend. The 4-hour, 12-hour and daily levels are all sideways trends. Breakthrough means up, and breakout means down. It's time to choose a direction again.

2. Key news in the cryptocurrency market this week:

⚫ Trump campaign team accepts cryptocurrency donations

⚫ Bitcoin and Ethereum ETP will be listed on the London Stock Exchange

⚫ Senate and House of Representatives repeal SEC cryptocurrency rule SAB-121

⚫ House of Representatives passes cryptocurrency FIT21 bill

⚫ SEC approves 8 spot Ethereum ETFs

3. Binance, the largest shareholder of South Korean cryptocurrency exchange GOPAX, sold the asset claims of GOPAX victims at a price less than half of the face value.

Initially, the suspension of GOPAX's GOFi service caused losses (70 billion won), and Binance acquired shares at a greatly discounted price and became its largest shareholder. It had promised to make 100% compensation. However, it did not, but sold the victims' asset claims at a low price

#现货以太坊ETF获美SEC批准 #PEPE创历史新高 #美众议院通过FIT21法案 #BTC走势分析 #5月市场关键事件