Charles Schwab Launches 24/7 Crypto Futures Trading Service

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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24/7 Trading Service: Charles Schwab has launched a 24/7 crypto futures trading service that allows retail clients to trade bitcoin and other crypto products at any time, eliminating the time gap between traditional markets and crypto spot markets, thereby enhancing client trading flexibility and market responsiveness.
Market Demand Response: The rollout coincides with CME Group's expansion of overnight trading windows for crypto derivatives, indicating Schwab's confidence in crypto market demand, which is expected to attract more retail investors seeking diversified investment options and further solidify its market position.
Risk Management Optimization: By offering 24/7 trading, Schwab eliminates price gaps between futures contracts, allowing traders to adjust positions in real-time, thus managing risk more effectively, especially for highly liquid assets like bitcoin.
Compliance and Security: Schwab's decision to route this offering through regulated futures rather than direct spot crypto custody ensures that clients can gain crypto price exposure while avoiding the complexities of wallet management and private key security, thereby enhancing client trust.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	45569.957	53476.759	62266.397	70173.199	78962.837	86869.639	95659.277
Fibonacci	53476.759	59854.799	63795.159	70173.199	76551.239	80491.599	86869.639

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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