STOICModern Stoic Price

On September 10, Garrett Jin stated in his latest weekly report that Bitcoin reached a high of $82,300 last week but failed to break through the key resistance at $82,500, returning to a consolidation range. The current consolidation is not yet over, and the market may not have completed half of the entire adjustment process. In terms of price range, if Bitcoin recovers above $82,500 with stronger spot demand, the next resistance range is between $83,000 and $86,000. If spot demand remains weak, the primary focus will be on the support range of $76,000 to $77,000. If this area is breached, it could quickly drop to $74,000 to $75,000, with key demand support around $72,000 to $72,500. Currently, the probability of maintaining the cycle bottom at $60,000 is about 70%. He indicated that while he maintains a constructive view on the macro outlook before the end of the year, he is adopting a lower risk exposure in the short term.

On September 10, Garrett Jin stated in his latest weekly report that after Bitcoin reached a peak of $82,300 last week, it failed to break through the key resistance at $82,500 and has returned to a consolidation range. The current consolidation is not yet over, and the market may not have completed half of the entire adjustment process. In terms of price range, if Bitcoin recovers above $82,500 with stronger spot demand, the next resistance range will be between $83,000 and $86,000. However, if spot demand continues to weaken, the primary focus will be on the support between $76,000 and $77,000. If this area is breached, a rapid drop to $74,000 to $75,000 may occur, with key demand support around $72,000 to $72,500. Currently, the probability of maintaining the cycle bottom at $60,000 is estimated to be about 70%. He also mentioned that while maintaining a constructive view on the macro outlook before the end of the year, he is adopting a lower risk exposure in the short term.

On September 10, Citadel Securities submitted comments to US regulators, urging the Securities and Exchange Commission (SEC) to regulate event contracts related to publicly listed companies in the United States. The market maker stated that trading platforms should not evade SEC jurisdiction by self-certifying with the Commodity Futures Trading Commission (CFTC). The dispute over regulatory authority for event contracts is intensifying. Currently, some prediction markets in the US are launching relevant contracts under the CFTC framework, and as event contracts increasingly encompass financial assets like stocks, the regulatory boundaries between the SEC and CFTC are becoming a focal point of market attention.