Update $BTC : Stability above 66k and anticipation for the U.S. "Retirement Plans" decision! ๐จ
BTC is currently trading at levels of **66,397**. Technically, we are in a cautious "Consolidation" phase after absorbing the selling pressure that occurred last week, with an eye on the monthly candle close tomorrow.
๐ Technical monitoring and data (March 31):
Macro event: The U.S. Department of Labor (DOL) proposal to open "401k" to crypto is the main driver of the current momentum. This decision, if implemented, would mean the entry of hundreds of billions in "sustainable" liquidity into the market. โ ๏ธ
Dominance: Bitcoin's dominance remains stable at 57%, indicating continued concentration of liquidity in major assets awaiting a full market stabilization.
Launch of Predict.Fun platform: Binance announced today the launch of the "Prediction Markets" feature via the wallet app, enhancing the use of Web3 within the ecosystem. ๐
Support and resistance levels: Near support at $65,900. The key resistance that must be broken to open the path towards 70k is $68,300.
๐ณ Summary of movement: Liquidity resulting from end-of-month fluctuations is currently being absorbed. Maintaining a monthly close above 66k will be a very strong "Bullish" signal for the start of the second quarter.
๐ Question for professionals: Do you see the current bounce from 66k as a "silent accumulation" by ETF funds?
#BTC #CryptoUpdate $BTC $ETH $BNB
BTC is currently trading at levels of **66,397**. Technically, we are in a cautious "Consolidation" phase after absorbing the selling pressure that occurred last week, with an eye on the monthly candle close tomorrow.
๐ Technical monitoring and data (March 31):
Macro event: The U.S. Department of Labor (DOL) proposal to open "401k" to crypto is the main driver of the current momentum. This decision, if implemented, would mean the entry of hundreds of billions in "sustainable" liquidity into the market. โ ๏ธ
Dominance: Bitcoin's dominance remains stable at 57%, indicating continued concentration of liquidity in major assets awaiting a full market stabilization.
Launch of Predict.Fun platform: Binance announced today the launch of the "Prediction Markets" feature via the wallet app, enhancing the use of Web3 within the ecosystem. ๐
Support and resistance levels: Near support at $65,900. The key resistance that must be broken to open the path towards 70k is $68,300.
๐ณ Summary of movement: Liquidity resulting from end-of-month fluctuations is currently being absorbed. Maintaining a monthly close above 66k will be a very strong "Bullish" signal for the start of the second quarter.
๐ Question for professionals: Do you see the current bounce from 66k as a "silent accumulation" by ETF funds?
#BTC #CryptoUpdate $BTC $ETH $BNB