My final view
I agree with your observation $79,360ā$79,520 is the more important resistance for a potential swing short.
I would not short at $78K simply because RSI is elevated. Let BTC approach the larger resistance and see whether sellers actually defend it.
If buyers break through that resistance with strong volume, we abandon the short idea rather than fight the breakout
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This is the BTC chart illustration showing the two possible scenarios:
Bullish: BTC defends $76,000ā$76,450, reclaims $77,200ā$77,315, and potentially moves toward $78,000ā$78,050.
Bearish: BTC breaks below $76,000 and could move toward $75,600ā$74,790.
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What happens if Trump loses control of the US Senate? And why should crypto investors pay attention?
The 2026 US midterm elections could have a major impact on Trumpās administration and the crypto industry.
If Democrats win control of the Senate, it doesnāt mean Trump automatically loses his presidency. But it could make governing much harder.
Hereās why
More political pressure: Democrats would control Senate committees, giving them greater power to investigate and scrutinise Trumpās administration.
Government appointments: Trumpās ability to get senior officials and federal judges confirmed could become more difficult
Crypto regulation: This is where things get interesting for us. Important crypto legislation, including efforts to establish clearer rules for digital assets in the US, could face delays or tougher negotiations
More uncertainty for the market: Investors may become cautious as they reassess what this means for US crypto policy. That uncertainty could contribute to volatility across Bitcoin and altcoins,
But letās understand something: a Democratic Senate doesnāt automatically mean the US will become anti-crypto. Some crypto policies can still receive bipartisan support
Why should we care as crypto traders?
Because the US remains one of the most influential markets in crypto. Political decisions there can affect regulation, institutional confidence investment flows and market sentiment globally
Donāt trade the headline blindly. Watch how the market reacts, follow the actual election results and protect your capital
The bigger picture is this US politics can influence the direction of crypto, even when the political news has nothing to do with Bitcoin directly
Stay informed Understand the bigger picture Donāt let headlines make your trading decisions for you
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Hey @NYSMarkets Iād like you to take another look at this traderās account breach @NROYALLTA
The AUDJPY trade was opened 13 hours before the news and fully closed around 1 hour before the announcement So why was the account breached? This needs a proper investigation and a clear explanation
@josb2b
@JeniferGomezNYS
Also according to your own rules only CPI NFP and FOMC news trading is prohibited. AUD news wasnāt mentioned as a restricted event
On top of that traders are supposed to receive three warnings before an account breach The first should be a warning, but in this case that never happened
What makes this even more frustrating is that the trader had already closed the entire position an hour before the news was released
How does this justify breaching the account? Please review the case and provide some clarity
BTC is teaching traders an important lesson right now
Look beyond the price. Understand the market structure
On the 4H timeframe BTC is still showing bearish structure with lower highs and lower lows The MACD remains negative while RSI is approaching oversold territory
But hereās something many traders get wrong
An oversold RSI doesnāt automatically mean BTC is ready to pump
On the 15M timeframe weāre seeing some recovery in momentum but that doesnāt mean the bigger trend has changed
This is why I always pay attention to multiple timeframes
⢠Daily tells you the bigger direction.
⢠4H helps you understand market structure
⢠1H helps you identify important levels
⢠15M helps you refine your entry.
Watch support, resistance, volume and candle confirmation
Donāt short just because the market is red. Donāt long just because RSI is oversold
The goal isnāt to predict every move Itās to wait for confirmation and protect your capital
Sometimes the best trade is the one you donāt take
Trade with patience guys. š¤
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Something interesting is happening in the CEX market right now
According to the DeFiLlama data Iām monitoring
Binance recorded approximately $2.5B in net outflows over 24 hours, while OKX recorded around $173.5M in net inflows
Looking at the 30-day figures makes it even more interesting
āBinance: -$7.92B
āOKX: +$414.76M
With Binance recently resuming withdrawals, itās worth paying attention to where capital is moving.
Are users exploring alternatives? Are funds being redistributed across exchanges? Or is this simply normal market movement?
One thing is clear: exchange flows are worth watching, especially during moments like this
Iām keeping a close eye on OKX. š
Capital movement tells a story, but we still need more data before calling it a migration
Whatās your take guys?












