Bitcoin has slipped to around $77K, despite forming a Golden Cross earlier this week—the 50-day moving average moving above the 200-day average, traditionally viewed as a bullish signal.
Why $BTC is falling:
🔴 $80K resistance is proving difficult to break.
🔴 Markets are worried about U.S. inflation and higher interest rates.
🔴 BTC recently traded as low as about $76.5K.
⚠️ A Golden Cross is not a guarantee of immediate upside; historical signals can fail.
Key levels to watch:
🟢 $76K–$77K: important support zone
🟢 $80K: first major resistance
🚀 $83K–$84K: breakout zone
🎯 $90K: next major upside target if momentum returns
My short-term view: 🟡 Neutral → slightly bearish below $80K. A strong move back above $80K would improve the bullish setup; losing $76K could increase downside pressure. #BitcoinFallsTo$77KAfterGoldenCross
The U.S. SEC has approved Nasdaq Texas’s proposed rule change for Commodity-Based Trust Shares. The approval was issued on September 3, 2026.
What it means for crypto:
📈 Nasdaq Texas can use broader listing standards for commodity-based investment products.
₿ The rules explicitly accommodate digital commodities/crypto assets.
🔄 The framework allows actively managed strategies.
💰 Up to 15% of NAV can consist of certain assets that don't meet the normal eligibility criteria.
🏦 This could make it easier for additional crypto-related exchange-traded products to reach traditional markets.
Market impact: 🟢 Bullish / Positive This is another sign of increasing integration between crypto and traditional financial markets, potentially supporting institutional adoption. However, the approval itself does not guarantee an immediate price surge for BTC or other crypto currencies.
BTC sentiment: 🟢 Mildly Bullish Long-term impact: 🟢 Positive Short-term impact: 🟡 Depends on ETF/product launches and investor flows. #SECApprovesNasdaqTexasCommodityTrustRule