BTC 2-4 Long / Tether

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BTCUSDT has touched a key support or resistance zone at $108,400. If this level holds, we could see a short-term reversal, otherwise a breakdown could take us towards $104,000 or $101,500

BTCUSDT The Hong Kong Stablecoin Ordinance will officially take effect on August 1 this year. The Hong Kong Monetary Authority will open the license application. It is expected that only a single digit number will be issued, but more than 40 companies are currently preparing to apply. The applicants are basically the largest financial institutions and Internet companies in China

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BTCUSDT 🔵 The latest data shows that 53 institutions have obtained EU MiCA licenses, of which 14 companies have been approved to issue stablecoins or EMTs. Including Circle, Robinhood, Coinbase, Kraken, OKX, etc. Binance and Tether are not on the list.

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BTCUSDT 🟠 On July 7, spot Bitcoin ETFs saw a total net inflow of $217 million, marking three consecutive days of net inflows. Spot Ethereum ETFs recorded a total net inflow of $62.11 million yesterday, with all nine ETFs showing no outflows.

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BTCUSDT 🟠Japanese microstrategy Metaplanet announced that its Bitcoin strategy has entered the second phase, planning to use BTC as collateral leverage to acquire cash flow businesses. Potential targets include Japanese digital banks, providing digital banking services that are better than existing retail banks.

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BTCUSDT Japanese listed company Remixpoint has announced that it will pay its CEO's entire compensation in Bitcoin. According to Remixpoint, this marks the first time a publicly listed company in Japan has adopted the practice of paying a CEO's full salary in cryptocurrency.

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BTCUSDT is struggling to sustain above $108K. This points towards the weakness among the bulls, which is accompanied by a drop in the volume. Either the investors may be uncertain as Bitcoin is about to confirm another unsuccessful attempt at marking a new ATH, or they are waiting for the token to surpass the pivotal resistance zone between $109,900 and $110,500, which may renew their confidence.

BTCUSDT I am looking sell from 108800 or 109000. lests see Who agree with me