$BTC Long/Short Outlook + Liquidation Map + Trade Entry Suggestions + Technical Analysis (2026.11.02 19:00)
Technical analysis: On Monday evening, BTC traded sideways around $77.9–78.1K. Resistance is at $79–80K (near Fibonacci 0.236), with support at $76–75K. The short-term RSI is neutral to weak, bearish MACD momentum is fading, and trading volume is average. Price is approaching support at the 200-period moving average. If it holds and breaks above $79–80K, a recovery may be in sight; if it falls back and loses $76–77K, the risk increases, with $75–72K as the next area to watch. Pay attention to whether support holds and wait for directional confirmation.
Long/short outlook: Bulls: Some are watching the support zone and looking for a longer-term recovery. Bears/cautious traders: Some are taking short-term short positions and watching for a possible further decline.
Key points on the liquidation map: Dense short liquidation zone above: $79,000–$80,000 and higher. Long liquidation zone below: around $76,000–$75,000.
Long/short trade entry suggestions:
Long: Entry at $76,500–$77,500 (scale in on a pullback) or after holding above $79,000. Stop-loss: below $76,000. Targets: TP1 $80,500; TP2 $82,000–$84,000.
Short (at highs/on a rebound): Entry at $79,500–$80,500. Stop-loss: after holding above $81,500. Targets: TP1 $77,500; TP2 $74,500–$72,000.
Trading framework: The main approach is to wait for support confirmation or a quick breakout above $79–80K before entering. Risk 1–2% per trade; leverage ≤5x. Use strict stop-losses and watch the key levels at $76–77K and $79–80K.
(For reference only; not investment advice)$BTC