On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
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"BTC and ETH both showed positive gains over the weekend, driven by the news that the SEC won t appeal the court decision regarding Grayscale s spot Bitcoin ETF application. This news has sparked the interest of investors, as it raises the likelihood of a BTC spot ETF approval by the end of the first quarter of 2024," said CoinDCX Research Team.