SEC: Reverses Tokenized Stocks Stance

SEC reversed its stance on tokenized stocks, triggering HYPE to surge 5% while Michael Saylor purchased another $2B in BTC.

Price action on the 4h chart shows BTC at $76311.7 locked in a bearish trend with EMA50 at $78622.59 acting as immediate resistance and EMA200 at $77357.24 capping upside. MACD death cross at -748.77 reinforces downside pressure, yet RSI at 34.28 leaves room before oversold territory. With price testing the upper Bollinger Band near $78917.17 while the lower band sits at $76071.61, a swift retest of the 50-EMA support appears likely before any sustained continuation.