CFTC Approves First Bitcoin Perpetual Futures Contract
- Historic Approval: CFTC Chairman Mike Selig announced the approval of the first real Bitcoin perpetual futures contract for trading on a registered exchange, marking a significant milestone for the cryptocurrency market and expected to attract more investors to this space.
- Compliance Review: The BTCPERP contract, offered by KalshiEX LLC, underwent a rigorous review by the CFTC, confirming its compliance with the Commodity Exchange Act and related regulations, ensuring that market participants can trade within a compliant framework.
- Increased Market Liquidity: The introduction of this contract is set to enhance liquidity in the U.S. crypto asset market, with Selig stating that this move will allow the crypto market to operate within the U.S. regulatory framework, promoting healthy market development.
- Future Outlook: The CFTC encourages market participants wishing to develop perpetual contracts for other assets to contact CFTC staff, indicating the agency's supportive stance towards innovation in the crypto market, which may drive the compliant launch of more financial products.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.52 | 1.673 | 1.842 | 1.995 | 2.164 | 2.317 | 2.486 |
| Fibonacci | 1.673 | 1.796 | 1.872 | 1.995 | 2.118 | 2.194 | 2.317 |
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