Bitcoin (BTC) is trading higher today around $84,504, driven by strong institutional backing, growing spot ETF inflows, and a technical bounce from solid support lines.
• J.P. Morgan Outlook: J.P. Morgan Asset Management projected a bullish 10% annualized return for Bitcoin, heavily boosting market sentiment. • Regulatory Approval: Swiss regulator FINMA approved a retail spot ETF, deepening traditional financial integration
• ETF Capital: Large-buyer capital inflows peaked above +$38.7 million, pushing total global ETF assets to $149.78 billion. • Support Bounce: Bulls aggressively defended the $80,000 support level, paving the way for momentum to clear the EMA-7 ($83,312).
• Fed Expectations: Weaker US jobs data lowered expectations for an October Fed rate hike, easing pressure on risk assets. • Headwinds: Gains face a minor cap due to broader risk-asset liquidity constraints, with Brent crude trading near $110/bbl.$ETH $BNB #EarningsSeason
$AXIS need some advice now. should take long position now or should wait. because the price went high if it reverse I'll lose everything. please give some advise what should do.