Time for a quick BTC futures gap fill before the monthly close?
The pair encountered resistance below its local highs from around the weekly close, and stocks also treaded water after the opening bell.
around a possible deal to raise the U.S. debt ceiling, which had boosted crypto previously, also cooled as market participants waited for its first test in Congress. “Bitcoin has been having a hard time reclaiming the weekend high,” monitoring resource Material Indicators“With the Monthly candle close approaching tomorrow, bulls and bears are fighting to control the momentum.”
An accompanying chart of the BTC/USD on Binance showed strengthening bid liquidity in the active trading range.Popular trader Daan Crypto Trades suggested that that liquidity represented genuine interest in BTC, rather than forming part of an order book “spoof.”Some of the bids got filled yesterday already.
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