$BTC Update | 07.11.2026 📊
Bitcoin has edged higher. Friday’s trading range narrowed, but another $412 million left US spot Bitcoin ETFs. Sideways trading looks more likely today. 👀
💰 Bitcoin price: around $75,966
📍 Key levels
🟢 $76,400: An hourly close above Friday’s high, followed by a successful retest on stronger spot volume, could open the way towards $76,700–$77,500.
🔴 $74,900: An hourly close below this level and a failed attempt to reclaim it could bring $74,000 into play.
↔️ Today’s possible trading range is $74,900–$76,900. Moves outside it remain possible.
🔮 Next 2–6 weeks
➡️ Base scenario: BTC stabilizes between $72,000 and $78,000.
📈 Bullish: A daily close above $78,000, a successful retest and several days of stronger spot demand could support a move towards $82,000.
📉 Bearish: If BTC closes below $74,900 and selling persists through $72,000, the $68,000–$72,000 area comes into focus.
📅 Key events in the coming weeks
• 10 Nov – US consumer prices could shift rate expectations.
• 13 Nov – US producer prices offer a fresh read on price pressures.
• 04 Dec – US jobs data will shed light on economic growth.
• 08–09 Dec – The Fed sets rates and updates its projections.
⏸️ Futures: No trade — wait and see. Short watch for 7 Nov only: BTC would need to test 76,400 USDT and close the hour below it. A failed retest would make the short worth watching. No entry is confirmed.
⚠️ These scenarios depend on the stated conditions. Confidence is low.
#btc
Bitcoin has edged higher. Friday’s trading range narrowed, but another $412 million left US spot Bitcoin ETFs. Sideways trading looks more likely today. 👀
💰 Bitcoin price: around $75,966
📍 Key levels
🟢 $76,400: An hourly close above Friday’s high, followed by a successful retest on stronger spot volume, could open the way towards $76,700–$77,500.
🔴 $74,900: An hourly close below this level and a failed attempt to reclaim it could bring $74,000 into play.
↔️ Today’s possible trading range is $74,900–$76,900. Moves outside it remain possible.
🔮 Next 2–6 weeks
➡️ Base scenario: BTC stabilizes between $72,000 and $78,000.
📈 Bullish: A daily close above $78,000, a successful retest and several days of stronger spot demand could support a move towards $82,000.
📉 Bearish: If BTC closes below $74,900 and selling persists through $72,000, the $68,000–$72,000 area comes into focus.
📅 Key events in the coming weeks
• 10 Nov – US consumer prices could shift rate expectations.
• 13 Nov – US producer prices offer a fresh read on price pressures.
• 04 Dec – US jobs data will shed light on economic growth.
• 08–09 Dec – The Fed sets rates and updates its projections.
⏸️ Futures: No trade — wait and see. Short watch for 7 Nov only: BTC would need to test 76,400 USDT and close the hour below it. A failed retest would make the short worth watching. No entry is confirmed.
⚠️ These scenarios depend on the stated conditions. Confidence is low.
#btc