BTC market analysis at 11:33 am on June 16, 2023
Last night, there was a news that BlackRock, the world's largest fund management company, was about to apply for Bitcoin's spot ETF, which caused a wave of FOMO. Bitcoin jumped six to seven hundred dollars. In fact, many institutions have been applying for spot ETFs for many years. sec has been rejected every time, and this time will definitely be no exception, and will still be rejected; BlackRock once provided BTC encryption services to some family offices when it was a big star in 2021, but it is still BlackRock’s head start when it comes to ETFs in the market One application; under such a raging trend, it has once again been proved that some institutions are building strongholds openly and covertly. We saw many institutions liquidating crypto assets, but we did not see that many institutions were bucking the trend;
Support 24800-25000/25100-25300
The pressure is 25700-25900, forcing the 26000 mark.
The range is tentatively 25100-25700
Tonight’s trend determines the inertia of the weekend. Don’t miss the long-awaited opportunity for weekend pork knuckle rice #合约锦标赛 #BTC