BTC Bears Eye Sub-$30,000 on Economic Data and SEC Activity
For BTC, today is a busy Monday. The US and Chinese economies' economic data will influence the dial. News from the SEC, though, will also have an impact.

Bitcoin (BTC) lost 0.02% on Sunday. BTC closed the day at $30,631 on Saturday after rising by 0.56%. Despite the gloomy session, BTC avoided falling below $30,000 for a second time.
BTC dropped to a low of $30,183 by mid-afternoon after a range-bound morning. Before soaring to a late-session high of $30,816 for BTC, it breached the First Major Support Level (S1) at $30,386. BTC slipped down to close the day at $30,631 after hitting the First Major Resistance Level (R1) at $30,810.
Support came from expectations that the SEC will approve a BTC ETF.
There were no crypto-related events or economic indications to sway investor mood on Sunday.
As investors wait for the SEC's views on the spot ETF refilings on Friday, BTC remained range-bound during the Sunday session due to the lack of a trigger.
While hopes of the SEC approving at least one ETF application linger, regulatory uncertainty remains a headwind as Ripple, Binance, and Coinbase battle with the SEC.
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