$AVA
😳 One vote made the difference! 38 to 37, and France has shut down the tax-free “crypto-to-stablecoin” conversion route.
Don’t assume European taxes have nothing to do with us. The core logic of this amendment is that if you exchange your crypto for U, you could be subject to capital gains tax of around 31.4% as soon as you make a profit—even if you haven’t cashed out. Many people used to treat U as an intermediary, switching back and forth. Now, France is tightening the rules on that route. This hasn’t been finalized yet (there’s a full vote on October 20, so things could still change), but the message is clear: compliance costs are rising. Don’t treat “converting to U” as a zero-cost safe haven.
The broader environment isn’t easy either. The dollar is strengthening and expectations of rate hikes are heating up. $BTC
is hovering around 81,855, capped there. The 24-hour high only reached 82,050 before turning back. On the 1-hour chart, 82,050–82,400 is a resistance zone that’s been tested repeatedly lately. 80,477 is the short-term support level, with the previous low of 79,732 below that. RSI(6) has climbed to 67.3, nearing overbought territory, so chasing a short-term rally is becoming less worthwhile.
Things are moving fast. The French tax bill could still change on October 20, so don’t bet your position on a single outcome. Are you currently leaning bullish or bearish? Let’s talk in the comments 👇 Follow me for timely breakdowns of the key signals that could affect your positions. $ETH
#法国众议院通过稳定币税修正案 #比特币突破8.2万美元
😳 One vote made the difference! 38 to 37, and France has shut down the tax-free “crypto-to-stablecoin” conversion route.
Don’t assume European taxes have nothing to do with us. The core logic of this amendment is that if you exchange your crypto for U, you could be subject to capital gains tax of around 31.4% as soon as you make a profit—even if you haven’t cashed out. Many people used to treat U as an intermediary, switching back and forth. Now, France is tightening the rules on that route. This hasn’t been finalized yet (there’s a full vote on October 20, so things could still change), but the message is clear: compliance costs are rising. Don’t treat “converting to U” as a zero-cost safe haven.
The broader environment isn’t easy either. The dollar is strengthening and expectations of rate hikes are heating up. $BTC
is hovering around 81,855, capped there. The 24-hour high only reached 82,050 before turning back. On the 1-hour chart, 82,050–82,400 is a resistance zone that’s been tested repeatedly lately. 80,477 is the short-term support level, with the previous low of 79,732 below that. RSI(6) has climbed to 67.3, nearing overbought territory, so chasing a short-term rally is becoming less worthwhile.
Things are moving fast. The French tax bill could still change on October 20, so don’t bet your position on a single outcome. Are you currently leaning bullish or bearish? Let’s talk in the comments 👇 Follow me for timely breakdowns of the key signals that could affect your positions. $ETH
#法国众议院通过稳定币税修正案 #比特币突破8.2万美元