đ $BTC + US News | Oct 7
Bitcoin is holding near $86K, with $87Kâ87.5K resistance capping rallies since late September. (proactiveinvestors)
Why it matters:
đč Fed: A softer-than-expected jobs report cooled bets on an October rate hike, which is supporting risk assets.
đč Regulation: FinCEN is withdrawing two unfinalized crypto proposals, the SEC cleared 3x BTC and ETH funds (trading must wait), and the CFTC is starting work on rules for leveraged retail crypto trading.
đč Institutions: Strategy bought another $29M of BTC after posting a $21B Q3 Bitcoin gain. (Today's Crypto News: Bitcoin, Ether and Altcoin Insights +2)
Levels: Break above $87.5K opens $90K. Rejection puts $84Kâ85K support back in focus. (proactiveinvestors)
My take: Macro is turning supportive, but I want a clean break of $87.5K before getting aggressive. [Edit to your view.]
Are you buying the breakout or waiting for a dip? đ
#bitcoin #BTC #CryptoNewsđđ°đ« #FedSurveys #BinanceSquareFamily $
Not financial advice. DYOR.
Bitcoin is holding near $86K, with $87Kâ87.5K resistance capping rallies since late September. (proactiveinvestors)
Why it matters:
đč Fed: A softer-than-expected jobs report cooled bets on an October rate hike, which is supporting risk assets.
đč Regulation: FinCEN is withdrawing two unfinalized crypto proposals, the SEC cleared 3x BTC and ETH funds (trading must wait), and the CFTC is starting work on rules for leveraged retail crypto trading.
đč Institutions: Strategy bought another $29M of BTC after posting a $21B Q3 Bitcoin gain. (Today's Crypto News: Bitcoin, Ether and Altcoin Insights +2)
Levels: Break above $87.5K opens $90K. Rejection puts $84Kâ85K support back in focus. (proactiveinvestors)
My take: Macro is turning supportive, but I want a clean break of $87.5K before getting aggressive. [Edit to your view.]
Are you buying the breakout or waiting for a dip? đ
#bitcoin #BTC #CryptoNewsđđ°đ« #FedSurveys #BinanceSquareFamily $
Not financial advice. DYOR.