Legal green light for perpetual contracts, but does $BTC have enough momentum to break out of the 77.887,5 USD zone—or is this just a liquidity trap?
The CFTC has just asked the court to dismiss the lawsuit filed against the CME and described the dispute over perpetual futures contracts as merely “a big fuss over something small,” opening the door to crypto derivatives in the US. Notably, the funding flow of $BTC futures is still maintaining an upward growth trend.
At the moment, $BTC is consolidating around 77.887,5 USD (+1.32% in 24h). At this level, two scenarios need watching:
- Breakout: It requires a surge in volume along with a decisive candle close above 77.887,5 USD to confirm the continuation of the uptrend.
- Liquidity trap: If buying pressure comes up short, the risk of a sharp “whipsaw” that sweeps out high-leverage positions is very high.
So, in this move, is $BTC a trap or a real breakout? Discuss with me below! 👇
#Bitcoin #BTC #Pháplý #Pháisinh
The CFTC has just asked the court to dismiss the lawsuit filed against the CME and described the dispute over perpetual futures contracts as merely “a big fuss over something small,” opening the door to crypto derivatives in the US. Notably, the funding flow of $BTC futures is still maintaining an upward growth trend.
At the moment, $BTC is consolidating around 77.887,5 USD (+1.32% in 24h). At this level, two scenarios need watching:
- Breakout: It requires a surge in volume along with a decisive candle close above 77.887,5 USD to confirm the continuation of the uptrend.
- Liquidity trap: If buying pressure comes up short, the risk of a sharp “whipsaw” that sweeps out high-leverage positions is very high.
So, in this move, is $BTC a trap or a real breakout? Discuss with me below! 👇
#Bitcoin #BTC #Pháplý #Pháisinh