$BTC Holds $76K - Russia Just Legalized Crypto! ๐ท๐บ๐
Key Updates Today (7 Nov): โ $BTC Trading at $76,034 - Strong support $75,633 โ Russia allows retail crypto buying from 17 Nov - $3,700/year cap โ ETF outflows $842M in 2 days - Fear at 25 (Extreme Fear) โ Next Resistance $77K, Support $74,888
My Take: Extreme Fear = Opportunity? When others are fearful, smart money buys!
RSI(6) 64.8 - Buyers Returning But Not Overbought!
24h High $76,350 | Low $74,810 | Vol 10.64B
2 Scenarios For Today:
1๏ธโฃ LONG (60%): If 1H Candle Closes ABOVE $76,111 โ Target $77,200-$77,300 2๏ธโฃ SHORT (40%): If Rejected At $76,111 โ Back To $75,000-$74,800
My Plan: WAIT for $76,111 Breakout! No FOMO Trade!
Low Volume Recovery (704 BTC) = Weak Move, Be Careful!
๐ฐ I Bet $LIT Will Hit $7.86 ATH After US License - Like If You Agree, Follow If You Don't! LIT 3.41 +11.97% - Top Searched on Binance Today!
Why I am BULLISH: ๐
1๏ธโฃ US LICENSE - Filing THIS November! ๐บ๐ธ Lighter team confirmed they will file US regulatory license this month! Last time when Coinbase got license, price 3X! Same coming for $LIT !
2๏ธโฃ Chainlink $40T Deal! Chainlink added $LIT to its $40 Trillion Asia equity data! TSMC, Tencent, Samsung now live on Lighter! This is HUGE adoption!
3๏ธโฃ Backed By Giants! a16z, Coinbase Ventures, DragonFly, Binance - All invested! They know something we don't!
4๏ธโฃ Still CHEAP! ATH $7.86 - Now $3.41 = 56% discount! Mcap $853M only - Rank #82 Support $3.00 strong!
If US license approved = $10+ possible!
I already bought! What about you?
LIKE if you think LIT hits ATH this month! โค๏ธ FOLLOW for early US license update - I will post first! ๐
BTC Trade Signal $BTC *๐ $BTCUSDT BOUNCED FROM $76,232 LOW! +2.2% Recovery Done?*
Look at this chart ๐
BTC touched *$76,232 on Oct 30* and now trading *$77,928 (+0.51%)*
*My Analysis:* โ Strong bounce from $76,232 support - Exactly what I said yesterday โ MA7: $77,991 / MA14: $77,816 - Price is above MA28 ($77,653) = Bullish Cross โ RSI6: 53.49 - RSI12: 57.67 - Not overbought, still room to pump โ Volume: 424+ BTC - Buyers stepping in
Bitcoin dumped hard from $81,953 to $76,270 in last 24h.
On 1h chart: Price is trading BELOW EMA 7/25/99 EMA99 at $79,044 is now major resistance Support at $76,270 - if breaks, next stop could be $75k RSI is neutral at 52, not oversold yet.
My view: Bearish pressure is still high, but a short-term bounce to $78.5k is possible before next move.