#BTC is moving in between middle rejection and Lower support | LARVA no Binance Square

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#BTC is moving in between middle rejection and Lower support.

Having eyes on Middle Point. Once crossed we can see a Good Price #PUMP 
#BTC/USDT 

Aviso Legal: inclui opiniões de terceiros. Não se trata de aconselhamento financeiro. Poderá incluir conteúdos patrocinados. Consulta os Termos e Condições.

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Funding Rates have remained largely the same for the past month. This is on the back of a large drop & recovery during the start of July. It's safe to assume that a lot of funding is being held at steady levels due to basis trading by for example Ethena.

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This morning Bitcoin has gained 4 hour acceptance above $69.2k (2021 ATH,) and this is holding as support so far. As we know, Mondays can be volatile, so the biggest confirmation of strength will be if we see a daily candle close above $69.2k. If this level holds then we could see a quick move in to $71k/ $72k. Remember we still have the CME gap at $65.8k. For now I am letting the Monday range develop and marking out areas of interest on charts. Ready for a great week!

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The monthly candle on #Bitcoin looks great. It can break from it. #BinanceTurns7 #BTC $BTC

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#XRP One Day! 0.65c reclaim and we are good for a safe entry while we hold above. Right now we are mid range so no entry

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Mini $BTC news: Grayscale's Bitcoin Mini Trust Gets SEC Green Light: The SEC has approved Grayscale's new spot Bitcoin ETF, the Grayscale Bitcoin Mini Trust, for listing on NYSE Arca, a significant development for the firm. With management fees of 0.15%, the Mini Trust offers a lower-cost alternative to the existing Grayscale Bitcoin Trust (GBTC), which charges 1.5% annually. On July 31, Grayscale will transfer 10% of GBTC's Bitcoin to the Mini Trust, distributing shares proportionally to current GBTC shareholders, who will thus hold the same amount of Bitcoin across two funds. This move follows a similar strategy with Grayscale's Ethereum fund, aimed at providing tax advantages and operational efficiencies to shareholders.

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