SEC proposes a tokenization framework, Minnesota Bank doing custody in August, Galaxy obtaining a BitLicense


Three positive signals, but Bitcoin still hasn't turned green
76.7K, closed at 76,952 yesterday, and still 230 dollars short now. Good news came without a rally, and this is the most important thing to watch — it’s not about whether the news is right, but that the market is not buying it now.
The daily chart shows a death cross right there, and the hourly rebounds are weaker and weaker. On the 4-hour chart, each high is lower than the previous one, and the lows are also trending downward. This is not a shakeout; it’s structural selling pressure digesting the positive news.
Infrastructure is truly being laid, but the price bottom has not been found yet. Before it moves on its own, don’t guess or bottom-fish; the key support zone is around 75K-74K.
BTC-0.11%
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