Technical Analysis:
Bitcoin is trading around 64560 and currently we have got a MSS on 1H time frame price did respect the FVG of 1H so price can target towards 66000 and will also look where daily candle closes today.
Fundamentals:
Futu Securities International, an online stock broker based in Hong Kong, has introduced bitcoin {{BTC}} and ether {{ETH}} trading, offering shares of Chinese e-trading giant Alibaba Group (BABA) and AI chipmaker Nvidia NNVDA as rewards to clients who open accounts and deposit specific amounts of money, according to the South China Morning Post.
The company, which calls itself Hong Kong’s largest tech broker, is working on "expanding our crypto offerings in the near future," the report said. Commission fees have been waived for the time being. Futu had 22.5 million registered users as of March 31, and 1.9 million paying clients, the company says on its website.
Hong Kong investors who open accounts in August and deposit HK$10,000 ($1,280) in the next 60 days can receive either bitcoin worth HK$600, a HK$400 supermarket voucher or a single Alibaba share. Investors depositing $80,000 can choose either HK$1,000 in bitcoin or an Nvidia share, the report said.
Futu is offering the crypto trading services through a partnership with cryptocurrency exchange HashKey Exchange, one of only two licensed in Hong Kong.
Disclaimer: Trading carries risk. Practice effective risk management and consider your risk tolerance before trading.
