$BTC /USD Analysis — November 2, 2026
Timeframe: Intraday and daily | Technical market outlook
Bitcoin is showing short-term bearish pressure, although a temporary rebound is possible. Recent market data places BTC/USD around $77,700–$77,800. Price remains below its 20-day and 50-day moving averages, while the daily RSI is around 37, indicating weak momentum. Borearis
$BTC /USD reference price
Bearish short-term
### $77,764
Approximate reference price from market data; not a guaranteed live execution quote.
Intraday support
### $76,931
Intraday resistance
### $78,404
Daily RSI
### ~37
Daily trend
### Bearish
Technical levels: Borearis
### 1\. Key support and resistance levels
| Level | Price (USD) | Significance |
| ----------------- | ----------- | ------------------------ |
| Resistance 3 | $79,210 | Further upside barrier |
| Resistance 2 | $78,807 | Secondary resistance |
| Resistance 1 | $78,404 | First bullish hurdle |
| Current reference | $77,764 | Market reference |
| Support 1 | $76,931 | Intraday pivot |
| Support 2 | $76,256 | Lower support |
| Support 3 | $75,853 | Further downside support |
Source: current technical-level report. Borearis
### 2\. Trading scenarios
### Bullish scenario — BUY confirmation
BTC needs to break and hold above $78,400 to strengthen the intraday recovery.
* First target: $78,807
* Second target: $79,210
* Confirmation: sustained price action above resistance with improving momentum.
### Bearish scenario — SELL confirmation
A decisive break below $76,931 could expose lower support levels.
* First target: $76,256
* Second target: $75,853
* Confirmation: a breakdown below support followed by a failed retest.
### 3\. What do the indicators suggest?
* RSI near 37: bearish momentum, but not yet deeply oversold.
* Moving averages: BTC is below the 20-day and 50-day averages, suggesting sellers retain control.
* MACD: below its signal line, indicating continued downside momentum.
* Intraday outlook: a short-term bounce is possible, but resistance must be broken to improve the picture. Borearis
### 4\. My trading outlook
Intraday (next few hours)
Cautious
Range-bound recovery is possible above $76,931, but downside risk remains.
Daily timeframe
Bearish
The broader short-term trend remains weak until BTC recovers key moving averages and resistance.
Practical approach: Avoid chasing a trade in the middle of the range. Wait for a confirmed breakout above $78,404 or a breakdown below $76,931 before considering a directional entry. Use a stop-loss and manage position size carefully.
These are
conditional technical scenarios, not guaranteed predictions or personalized financial advice.