The settlement reflects a shift in SEC&#8217;s strategy towards negotiated 
resolutions in crypto cases, potentially impacting future regulatory actions.
The post SEC settles long-running lawsuit against Justin Sun and Tron entities 
appeared first on Crypto Briefing.

SEC settles long-running lawsuit against Justin Sun and Tron entities

Bitcoin is consolidating near a crucial support band, with $77,000 emerging as 
the key level to watch. A breakout above it could signal bullish momentum and 
a trend reversal, while failure to hold may keep Bitcoin in a corrective phase 
or push it lower. Bitcoin Re-Approaches Critical High-Timeframe Support After 
0.786 Fibonacci Deviation Crypto analyst Luca highlighted that Bitcoin 
recently dipped below the high-timeframe support range marked in purple, 
briefly deviating toward the 0.786 Fibonacci point of interest around $65,900. 
Following that move, the price is now approaching the previously lost high- 
timeframe support zone, which coincides with the early April 2025 bottoming 
structure. This region also overlaps with the 3-day Bull Market Support Band, 
an area that has served as a strong reversal point several times over the past 
few months. Related Reading: Bitcoin Coiling At Key Support — Major Move 
Brewing Luca explained that this confluence of technical levels is the reason 
he has not yet reduced his hedge positions. Instead, he prefers to remain 
cautious until the market provides clearer confirmation of strength. According 
to Luca, such confirmation would likely come from Bitcoin reclaiming the lost 
support range or breaking above the Bull Market Support Band. Until that 
happens, the analyst warns that the current approach to this zone could still 
result in a rejection, meaning the move might represent a temporary bounce 
rather than a confirmed recovery. Luca also emphasized that traders should 
focus more on protecting capital rather than chasing profits at this stage. 
Only once clear strength appears, and the probability shifts toward a 
sustained upside continuation, would it make sense to adopt a more aggressive 
bullish stance. $77,000 Emerges As The Critical Confirmation Level For BTC 
According to Luca, the key confirmation level he is watching right now sits 
around $77,000. A decisive breakout above that level would signal stronger 
market momentum. Thus, Luca plans to gradually scale out of his hedge 
positions and rotate that capital back into his spot holdings, anticipating a 
more sustainable move to the upside. Related Reading: Bitcoin Price Slumps 5%, 
Bearish Momentum Returns With Force Luca also noted that attempting to squeeze 
out an extra 10–15% gain at current levels may not be the best risk decision. 
Instead of aggressively chasing short-term profits, he prefers to wait for a 
clear confirmation that the market structure is shifting in favor of the 
bulls. He added that the potential upside could be significantly larger if 
Bitcoin successfully reclaims the $77,000 level. However, exiting hedge 
positions too early could expose traders to the risk of a bullish fakeout, 
where the price briefly moves higher before resuming its downward trend. 
Because of that possibility, Luca maintains a cautious stance until stronger 
confirmation appears. Featured image from Pixabay, chart from Tradingview.com

Bitcoin Consolidates Near Key Support Band — $77,000 Holds The Key To The Next Move

Crypto markets spent the week chasing green, but Ether’s rally toward $2,500 
might hit significant setbacks. Cointelegraph explains why.

Ether’s path to $2.5K may be trickier than expected: Here’s why

The proposed interpretative application of federal securities laws on digital 
assets by the SEC reportedly carries more weight than staff-level statements.

SEC proposes ‘token taxonomy’ for interpreting crypto under securities laws

Bitcoin’s policy outlook brightens as the White House formally nominates Kevin 
Warsh to lead the Federal Reserve, elevating a former governor who has praised 
bitcoin as a meaningful financial signal and transformative software 
innovation. White House Formally Nominates Kevin Warsh as Federal Reserve 
Chairman The White House on March 4 submitted nominations to the U.S. […]

Cryptocurrency price in ARS