#BTC ETF News released with -4.5% for BTC about 2K , do not lose focus, this drop and movement started as we planned let hope it will done as we expect.

https://www.tradingview.com/x/DL4lIZbD/

we ask Allah reconcile and repay.. 🤲

🚀 BIG BREAKING: FOR REAL THIS TIME !

✅ SEC Has Approved Bitcoin Spot ETFs !

The Securities and Exchange Commission has just approved the Bitcoin Spot ETF, marking a significant milestone in cryptocurrency's integration into traditional finance.

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#BTC is try to overcome $47K, The breakout will lead to next resistance around $51-53K, However rejection will spread panic sell, eyes on performance and daily close.

we ask Allah reconcile and repay.. 🤲

Never FOMO! However, there are some who don't heed this advice. Take a look at the ETC trade on VIP where individuals entered with $190K. This goes against our rules, but it seems we have some risk-taking sharks among us.

Adhere to risk management, everyone! 😁 There is $190K at ETC trade

#BTC 30 Min until Daily close!
https://www.tradingview.com/x/p2z8gapL/
we ask Allah reconcile and repay.. 🤲

✅ Those Who Are Saying That SEC Deleted Announcement, Gary Back Again. This Time to Confirm the Approval !

▶️ SOURCE : https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023

▶️ KEY POINTS :

▪️"SEC Disapproved more than 20 Filings for spot Bitcoin ETPs since 2018"

▪️"After Court Ruling against SEC in Grayscale Case, Circumstances have changed and most sustainable path forward is to approve ETPs"

SO GARY ADMITS THAT They Approved it only after losing battle in court against Grayscale

▪️BAD NEWS : "today’s Commission action is cabined to ETPs holding one non-security commodity, bitcoin. It should in no way signal the Commission’s willingness to approve listing standards for crypto asset securities. Nor does the approval signal anything about the Commission’s views as to the status of other crypto assets under the federal securities laws."

Our Take : Basically He hints they treat BTC ETFs as exception to be approved but not other cryptos.

▪️"Investors today can already buy and sell or otherwise gain exposure to bitcoin at a number of brokerage houses, through mutual funds, on national securities exchanges, through peer-to peer payment apps, on non-compliant crypto trading platforms, and, of course, through the Grayscale Bitcoin Trust. Today’s action will include certain protections for investors"

What He try to hint, saying investors can already trade on non-compliant crypto trading platforms, bcoz it is not allowed in US, then how someone can do

▪️"Bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity including ransomware,[4] money laundering,[5] sanction evasion,[6] and terrorist financing.[7]
While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin."

Again BS Rants in the end

The approval of a Bitcoin ETF (Exchange Traded Fund) potentially allows fresh money to enter the Bitcoin market, but the impact is complex and depends on various factors. Here's a breakdown:

Potential for Fresh Money:

New Investment Vehicles: An ETF provides a familiar and convenient investment option for traditional investors who might not directly purchase Bitcoin. This could entice a new segment of investors to enter the market, bringing fresh capital.
Increased Accessibility: ETFs simplify Bitcoin access for institutions like pension funds and wealth managers, potentially unlocking significant capital inflow.
Nuances to Consider:

Existing Ownership: Some ETF investors might already own Bitcoin and simply be shifting investment vehicles, not adding new money.
Selling Pressure: Some existing Bitcoin holders might use the ETF as an avenue to sell their holdings, which could offset the fresh money inflow.
Macroeconomic Factors: Larger economic trends and investor sentiment heavily influence Bitcoin's price, potentially overshadowing the ETF's impact.
Overall Impact:

The approval of a Bitcoin ETF is a significant step towards mainstream adoption and has the potential to attract new investors and capital. However, its actual impact on the market depends on multiple factors, and predicting a definitive price increase due solely to the ETF is challenging.

It's crucial to research and understand the risks and limitations of Bitcoin investment before making any decisions based on market news or predictions.

I hope this clarifies the complex relationship between Bitcoin ETFs and fresh money inflow! Feel free to ask if you have any further questions.

we ask Allah reconcile and repay.. 🤲

U.S. CPI in 30 mins

#ETC +40% overnight! and +75% since buying two months ago.
And whatever you have of favor - it is from Allah 🙏

The Idea was for free in Tradingview (link) guys as well as an update in breakout time posted there.
This is not advertising to join the VIP although and nothing wrong with that, we make much effort and this takes all the time.
we ask Allah reconcile and repay.. 🤲

BREAKING: 🇺🇸 US inflation rises to 3.4%, higher than expectations.

BTC approaching exit zone Round 51/53K be careful and stick with risk management try to some of your profits.

We ask Allah reconcile and repay

The Rejection came from the TP3 zone, let see how the daily close will be!