Fundamental approach
- The US Senate has cleared the GENIUS Act, its long-awaited stablecoin framework, after marathon talks. A final vote is expected after the Memorial Day break (26 May).
- JPMorgan Chase CEO Dimon says the bank will soon allow clients to trade bitcoin through third-party custody, adding fresh tailwinds to institutional demand.
- Spot-bitcoin ETFs are on track for a sixth straight week of net inflows, reinforcing the bid beneath prices.
Technical approach:
- Price is probing resistance at 106200 within a well-defined rising channel. The widening spread between both EMAs underscores building bullish momentum.
- A decisive close above 107000 opens the door to 113000.
- On the contrary, a drop through the support at 101400 would lead to a deeper correction to around the following support at 93000.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
- The US Senate has cleared the GENIUS Act, its long-awaited stablecoin framework, after marathon talks. A final vote is expected after the Memorial Day break (26 May).
- JPMorgan Chase CEO Dimon says the bank will soon allow clients to trade bitcoin through third-party custody, adding fresh tailwinds to institutional demand.
- Spot-bitcoin ETFs are on track for a sixth straight week of net inflows, reinforcing the bid beneath prices.
Technical approach:
- Price is probing resistance at 106200 within a well-defined rising channel. The widening spread between both EMAs underscores building bullish momentum.
- A decisive close above 107000 opens the door to 113000.
- On the contrary, a drop through the support at 101400 would lead to a deeper correction to around the following support at 93000.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
I’ve taken a break from my public community engagements to focus on raising my three kids, but I'm rediscovering my passion for working again. Stay connected, as I plan to return and rejoin my old communities with a lot of new skills one day soon.
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I’ve taken a break from my public community engagements to focus on raising my three kids, but I'm rediscovering my passion for working again. Stay connected, as I plan to return and rejoin my old communities with a lot of new skills one day soon.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。