FX, gold and oil are closed — crypto trades on. Session preps resume Sunday 22:00 UTC. Updated 2026-11-07 08:02 UTC.
Pull up a chair — this was one of those weeks that reminds you why we keep our position sizes sensible and our curiosity high.
The headline that made everyone look up: Bitcoin held $75K even as AI regulation fears saw the KOSPI halted after an 8% crash (Cryptonews.net). A whole national equity market hitting the circuit breaker is the kind of thing that normally drags risk assets down with it — and yet BTC stubbornly defended its level. That's worth a raised eyebrow and a respectful nod.
Elsewhere, the regulatory plumbing kept shifting. Russia's central bank approved retail crypto trading, with citizens now allowed to trade Bitcoin, Ethereum and Tether (TradingView, Cryptopolitan). In the US, the Treasury and Fed abandoned a plan to track smaller Bitcoin and crypto transfers, and the Treasury walked back its crypto surveillance 'travel rule' proposal (Bitcoin News, The Block) — small but meaningful steps toward lighter-touch oversight. On the political side, Democrats' control may delay US crypto market regulation (Pluang), while Kalshi faced lawsuits in two US states (CryptoRank). And in the real economy, Visa and Mesh partnered to bring crypto balances to 175 million merchants (The Fintech Times), and Samsung's 82-million-device bet showed the stablecoin wars moving beyond crypto (PYMNTS.com). Adoption keeps quietly compounding.
Not all sunshine: Paraguay's President was removed and arrested over a financial crisis (The New York Times), and there's a slow-burn story about data centers running on debt that was "a problem for bonds this year — and it's only going to get worse." Worth keeping on your radar.
Here's our own structural read — D1, H4 and H1 stitched together — because that's where we start every weekend.
EUR/USD is bearish clear (28/100). D1 mixed, H4 down, H1 mixed, with H4 RSI at 33 and H1 RSI at 26.1 — genuinely stretched to the downside. Support sits at 1.11286 (0.6 ATR), resistance at 1.11546 (1.5 ATR), so price is closer to the level below. We won't dress that up: the read is weak.
GBP/USD is neutral (44/100) — D1 up but H4 and H1 down. Price is wedged between support at 1.33346 (0.8 ATR) and resistance at 1.33582 (0.6 ATR), both within 1 ATR — a move out of this zone could go either way.
USD/JPY is bullish clear (74/100) — D1 up, H1 up, H4 mixed, with H4 RSI 56 and H1 RSI 59.7. Support 158.33 (0.5 ATR), resistance 158.56 (0.6 ATR), again a tight zone.
Gold is neutral (53/100) — D1 down, H4 up, H1 down. It's sitting near the bottom of its recent range, just 0.3 ATR above support at 4066.33, with resistance a distant 3.8 ATR away at 4129.34.
Oil is neutral (50/100) — D1 up, H4 and H1 mixed, H4 RSI 38.7. Between support 90.12 (0.8 ATR) and resistance 91.57 (0.7 ATR).
The one market that never sleeps — and this weekend it's the only game in town.
Bitcoin is bearish clear on our read (27/100) — D1 down, H4 down, H1 up. H4 RSI 40.6, H1 RSI 49.2. Support at 75,673 (2.2 ATR), resistance at 76,288 (1.5 ATR) — roughly similar room either side. So yes, the higher-timeframe tilt is down, but the fact BTC is holding $75K amid an 8% KOSPI crash is the story the street keeps repeating (Cryptonews.net). Strength in the face of bad news is worth noting — even if our barometer isn't ready to call a turn.
Ethereum is bearish leaning (41/100) — D1, H4 and H1 all mixed, H4 RSI 43.2. Support 2234.1 (0.6 ATR), resistance 2246.9 (0.5 ATR), both within 1 ATR — coiled, direction undecided.
With no external commentary fetched this week, we'll lean on the headlines themselves: the market's attention is squarely on US crypto regulation timing (the Democrats' control story), the Kalshi legal battles, and the steady drumbeat of institutional adoption — Visa/Mesh, Samsung's stablecoin push, Russia opening retail trading. The tension between lighter US surveillance and slower legislation is the thread to pull on.
Our high-impact calendar came back empty — no scheduled major events. That's not a quiet week; it's an unscripted one. With no data to anchor sentiment, headlines and flows do the driving. Keep your risk small and your eyes open.
- Whether Bitcoin keeps defending $75K — or loses it.
- USD/JPY holding its bullish structure near 158.3–158.6.
- EUR/USD's stretched RSI readings — oversold can stay oversold, so watch for either a bounce or continuation.
- Any fresh crypto regulation headlines out of the US.
You've done the reading — now go enjoy your coffee. Markets reward the patient and the curious, and you're both. 🌱
Educational context only — not financial advice.