Alex Becker’s Channel

On-chain data shows futures crypto market is overleveraged and overheated. Estimated leverage ratio and futures open interest increased abnormal. Additionally if almost all market is in profit then someone want to realize profits. We saw this first when Bitcoin make new ATH before 70k. Bitcoin price action make -15% pull back within few days from ATH. On weekly chart have stron support zone between $57500 - $59500. Long - term HODLers are still accumulate. Bull market still ongoing.

URITIES AND EXCHANGE COMMISSION (Release No. 34-93570; File No. SR-NYSEArca-2021-37) November 15, 2021 Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to List and Trade Shares of the First Trust SkyBridge Bitcoin ETF Trust under NYSE Arca Rule 8.201-E On May 6, 2021, NYSE Arca, Inc. (“NYSE Arca”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)1 and Rule 19b-4 thereunder,2 a proposed rule change to list and trade shares of the First Trust SkyBridge Bitcoin ETF Trust under NYSE Arca Rule 8.201-E (Commodity- Based Trust Shares). The proposed rule change was published for comment in the Federal Register on May 27, 2021.3 On July 7, 2021, pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.5 On August 20, 2021, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act6 to determine whether to approve or disapprove the proposed rule change.7 1 2 3 4 5 6 7 15 U.S.C. 78s(b)(1). 17 CFR 240.19b-4. See Securities Exchange Act Release No. 91962 (May 21, 2021), 86 FR 28646. Comments on the proposed rule change can be found at: https://www.sec.gov/comments/sr-nysearca-2021-37/srnysearca202137.htm. 15 U.S.C. 78s(b)(2). See Securities Exchange Act Release No. 92333, 86 FR 36826 (July 13, 2021). 15 U.S.C. 78s(b)(2)(B). See Securities Exchange Act Release No. 92714, 86 FR 47662 (Aug. 26, 2021). Section 19(b)(2) of the Act8 provides that, after initiating proceedings, the Commission shall issue an order approving or disapproving the proposed rule change not later than 180 days after the date of publication of notice of filing of the proposed rule change. The Commission may extend the period for issuing an order approving or disapproving the proposed rule change, however, by not more than 60 days if the Commission determines that a longer period is appropriate and publishes the reasons for such determination. The proposed rule change was published for comment in the Federal Register on May 27, 2021.9 The 180th day after publication of the proposed rule change is November 23, 2021. The Commission is extending the time period for approving or disapproving the proposed rule change for an additional 60 days. The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comment letters that have been submitted in connection therewith. Accordingly, the Commission, pursuant to Section 19(b)(2) 8 9 15 U.S.C. 78s(b)(2). See supra note 3. 2 of the Act,10 designates January 22, 2022, as the date by which the Commission shall either approve or disapprove the proposed rule change (File Number SR-NYSEArca-2021-37). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 J. Matthew DeLesDernier Assistant Secretary 10 11 15 U.S.C. 78s(b)(2). 17 CFR 200.30-3(a)(57). 3

We bought the dip 🤝✅💯👌

Do you want to earn more coin like Bitcoin and Eth with low risks. Dm now to start your life changing investment with us now #cryptocurrency @AlexBeckersinvest

#REVIEW BITCOIN GLOBAL Big dump threw us back to crucial $58k level today. I hold #BTC and tend to believe that you also hold it, if I am wrong - it's time to buy. If $58k support is lost, bulls are no more in control and we'll see some distribution or accumulation in $54k - $58k flat zone. If $54k level is broken, bears are in control and I'll sell my crypto. Note that it doesn't mean I have a stop loss just below this level! A fakeout is always possible and it would be absolutely stupid to place a stop loss a bit below support! I hope this dump didn't affect you too much, don't fall for emotions!

Next levels of support for $BTC. The IOMAP reveals that #Bitcoin is currently sitting on strong support, with two key levels above $60k in which >2.1m addresses acquired 1.27m BTC. If Bitcoin breaks below $60k, a retest to $57,400 is likely to happen.

The bearish divergence on the #Bitcoin  daily timeframe is now playing out. I've been warning you for a few days now that this scenario will play out if we break $63,300.

I prepared this already for myself if we continue to see #Bitcoin  dump from here...

Taproot is a bigger deal than you think. Making all BTC transactions identical improves transaction privacy for institutional investors because they use multi sig wallets. It also improves transaction privacy for retail investors using Bitcoin’s Lightning network. The fact that Taproot could foreshadow the blow off top for this bull market is just the cherry on top really. I explain this more in my weekly newsletter which should be going out in 1-2 hours, so be sure to subscribe to it if you haven’t already!

Bitcoin is the richest investment a man can ever think of.... Many people doing Some kind of Odd Jobs expecting peanuts as wages and Salaries are now millionaires in different levels All because of Bitcoin. Bitcoin to the world 🌎 Be wise, Be Smart🚀 @AlexBeckersinvest