$BTC (BTC) - LATEST ANALYSIS - 8 Nov 2026*
*Price:* Around $75,872
*Bias:* Bearish f722
- *Support:* $75,500 - $74,920 (Most Important Level)
- *Resistance:* $76,021 - $79,141 (20-Day MA)
- *RSI (14):* 37.9 - Near Oversold, but still Bearish
*What is Happening?*
$BTC is trading in a downtrend on 1D, 4H and 1H. Price is flat in last 24h (+0.03%) - from $75,893 to $75,918 - but structure is still weak. Sellers are in control below $76,500.
Strong US jobs data (165K jobs vs 65K expected) has increased chances of a Fed rate hike in December to ∼80%. Dollar is strong, so $BTC is under pressure.
*Trade Plan:*
- Hold above $75,500 = Bounce possible towards $76,500 and $79,000
- Daily close below $75,500 = Downside opens towards $74,310 and $73,400
*Note:* Educational analysis only, not financial advice. Trade with proper risk management.
#BTC☀ #BTC
*Price:* Around $75,872
*Bias:* Bearish f722
- *Support:* $75,500 - $74,920 (Most Important Level)
- *Resistance:* $76,021 - $79,141 (20-Day MA)
- *RSI (14):* 37.9 - Near Oversold, but still Bearish
*What is Happening?*
$BTC is trading in a downtrend on 1D, 4H and 1H. Price is flat in last 24h (+0.03%) - from $75,893 to $75,918 - but structure is still weak. Sellers are in control below $76,500.
Strong US jobs data (165K jobs vs 65K expected) has increased chances of a Fed rate hike in December to ∼80%. Dollar is strong, so $BTC is under pressure.
*Trade Plan:*
- Hold above $75,500 = Bounce possible towards $76,500 and $79,000
- Daily close below $75,500 = Downside opens towards $74,310 and $73,400
*Note:* Educational analysis only, not financial advice. Trade with proper risk management.
#BTC☀ #BTC
