Bitcoin Market Update: Positive Developments Continue
BTC rises above $64,000: SEC’s approval of BlackRock ETF options plays a key role 📈💼
China's Central Bank injects $140 billion in liquidity: Positive for risky assets 💉💰
Market Indicators:
Open positions on Binance futures rise to 89,000 BTC: Growing interest 👀📈
CryptoQuant: Increase in coin movements across various age bands 🔄🚀
US Dollar Index (DXY) in decline: Potential catalyst for Bitcoin 📉
Trader Behavior:
Short positions and short selling continue 🐻
Majority of leveraged trades are in long positions 🐂
Caution: Risk of liquidation around $62,000 ⚠️
Technical Outlook:
Biyond Vanguard: Daily buy signal ✅
Expectation: Buy signals on both 3-day and weekly charts 🔮
Conclusion: The market is positive, but volatility may persist. $65,000+ is critical 🎯👀
