Breaking News :::: FOLKS, MEXC IS DONE FOR! 🚨 IRAN AND INTERCONTINENTAL MISSILES 🌙 YOUR NIGHT IN EIGHT LINES

FOLKS, MEXC IS DONE FOR! 🚨 IRAN AND INTERCONTINENTAL MISSILES

🌙 YOUR NIGHT IN EIGHT LINES

⏳ 10 days left until the APEC summit in Shenzhen, 31 days until the Fed decision on December 9.

→ 🇶🇦 Iran sent a new nuclear proposal via Qatar on Thursday, according to Reuters - Tehran is nevertheless sticking to seven conditions, including an end to the blockade.

→ 🚢 US forces disable the cargo ship M/V Huda in the Gulf of Oman - the crew reportedly tried several times to break through the blockade.

→ 💰 CENTCOM offers up to $20 million for tips on Iran's nuclear program - the program Trump had declared destroyed.

→ ⛽ Gasoline costs an average of $4.04 per gallon in the US, a week earlier it was $4.18 - Trump's most important number is easing.

→ 📉 Bitcoin ETFs lose $411.9 million on Friday, with Thursday that makes $842 million in two days.

→ 💥 Only $5.5 million in Bitcoin liquidations in 24 hours - over the weekend no one dares to go out with leverage.

→ 🟠 #Bitcoin is at $75,866, up 0.1 percent.

→ 🇨🇦 The US Treasury puts eight money transfer firms from Canada on the list of those that allegedly worked for Iran - on the same day as MEXC.

⭐ SPECIAL: MEXC IS DONE FOR!

On Friday the US Treasury cut the exchange MEXC off from the American financial system. The name of the operation says what it's about: Operation Economic Outcast, Trump's campaign against Iran's money.

→ $16 billion in suspicious funds between May 2021 and May 2026, says FinCEN.

→ Around $1 billion of that directly with more than 40 Iranian crypto exchanges.

→ $22 million for Iran's central bank and the Quds unit of the Revolutionary Guard.

→ Nearly $1.5 billion from evading Russia sanctions, deals with Garantex and Grinex through June.

Nothing is being frozen. US banks may only no longer send money to MEXC or accept it from there, and that only 30 days after publication in the Federal Register. This morning the order was not yet there.

Vugar Usi Zade, head of MEXC, has been assuring since Saturday that deposits and withdrawals are running. That's true.

Only the rest of the industry isn't waiting for the deadline. Shortly after midnight Star Xu, the founder of OKX, writes in Chinese: please for now no money directly from MEXC to OKX. It could be frozen and reviewed, OKX is treating the matter like a sanction. He apologizes to everyone who got caught up in it innocently.

Bitget Wallet no longer accepts MEXC money for card top-ups. Reports of blocked accounts are coming from BingX and others, that is not confirmed.

That's why I consider MEXC done for. An exchange lives off money being able to get in and out. If every other door closes before the deadline, it becomes an island, and the big players are the first to leave an island.

The price is paid by whoever only traded altcoins there. Their USDT remains theirs, only now the origin is stuck to it. I wouldn't send it directly to another exchange and would secure the documents: deposits, purchases, verification.

And one thing I don't understand. On Saturday at 10:41 a.m. 100 million USDC go from an unknown wallet to MEXC. Whoever pushes that much into an exchange that everyone is trying to get out of right now knows something or has no choice. I don't know what to make of that.

📊 SUPPORT & RESISTANCE

🚦 0 of 7 daily signals green, as on the previous day. Bitcoin closed Saturday at $75,868.

→ 🔴 EMA 200: red for three days, green for 17 days before that. The 200-day average is now pressing from above.

→ 🟢 75,500 → Pivot S1, the first edge directly below the price.

→ 🟢 74,900 → Low of the last 20 and 40 days, lower Bollinger Band, Pivot S2 and the round 75,000 in one zone.

→ 🔴 76,400 → 200-day average, Pivot R1 and R2.

→ 🔴 77,700 → 100-day average.

💡 TRADING IMPLICATION

→ If 75,500 holds on the daily close → path back to 76,400.

→ If 75,500 breaks → next stop 74,900, below that there is no zone from the last 40 days.

→ If Bitcoin closes above 76,400 → the 200-day average is back, next zone 77,700.

→ If a big strike on Iran comes today → the test of 74,900 runs before the stocks open on Monday.

🟠 BITCOIN AND MY MODE

Risk remains off for me. Zero of seven signals green, and the ETFs have shed $842 million in two days.

I won't buy any more as long as Bitcoin closes below 76,400.

The mark for me is 74,900. If it holds until Monday, the weekend was only empty and not weak.

Trump is now also waging the Iran war through crypto exchanges, and the Bitcoin price doesn't flinch. The risk this time sits in the question of where your coin is.

🎯 FOCUS OF THE DAY: MX SAYS MORE THAN THE BOSS

MX, the coin of MEXC, is at $1.46. On Friday evening it was still $1.58, since then nearly eight percent less. Over 30 days it's down 22 percent, from the high in April 2024 at $5.85 it's 75 percent away.

An exchange coin hangs on its own customer base. Its price is the vote of those who know the exchange best.

The boss says everything is running. His own customers only partly believe him so far.

🇮🇷 TEHRAN TAKES THE BRAKE OFF

Iran's Revolutionary Guard lifts its self-imposed range limit for missiles, around 1,900 kilometers. General Hossein Mohebbi says the restriction no longer applies to them. A missile that flies farther is not known so far.

Washington responds the same day with Task Force Iron Gate. The blockade now also applies to the land routes and the Caspian Sea. According to CENTCOM it has so far cost Iran oil sales of around $25 billion.

Trump keeps talking about small strikes and says Iran wants a deal.

After the threat against Europe this is the next step in the same direction. Water, land, money: Trump closes the routes, Tehran opens the borders.

On Monday the banks open, and then it will show which door for your money at MEXC is still open.

No financial investment advice!