Birendra Adhikari

Weekly analysis | November 8, 2026 | BTC/USDT, 1D and 4H charts
Market Overview
$BTC is trading near $75,900 after a difficult month. October closed about 7.3% lower, near $77,500, as credit conditions tightened and a record $6.3B hack hit Binance in the last days of the month. This week price dipped under $76K on Nov 5, bounced from around $75,200, and is down about 2% on the week. Despite heavy headlines, price has held the $75K zone.
Daily Chart (1D)
- 🟢 Support: $75K zone, tested again this week. Analysts also point to a cluster of long-term averages around $75.8K–76.2K.
- 📈 Rising trendline: around $70–71K
- ⚠️ Major support: $67,292
- 🔴 Resistance: EMAs near $76.5K and $78.6K, then $80K (channel top), $82,479 and $94,150
- 📉 RSI: 38, so momentum is weak but not oversold
- 📊 Volume: light during the sideways bounce, so buyers are not rushing in yet
4-Hour Chart (4H)
Price is moving sideways just above $75K, below the 4H EMAs (about $76.4K and $79.7K). RSI is near 40. This looks like a pause, not a reversal.
News to Watch
- 🏦 Fed and inflation: The Fed held in late October with no sign of easing. October CPI comes out Tuesday, Nov 10 at 8:30 AM ET. Economists expect +0.3% for the month and 3.7% year over year. A hotter number could pressure BTC, and a cooler one could help.
- 📉 ETF flows: ETFs saw roughly $290M of net outflows in October. I want to see inflows return.
- 🔐 Binance: Withdrawals reopened on Nov 1, and Binance says it has replaced about 95% of the stolen assets. Smooth completion of withdrawals matters for trust.
- 🏢 MSCI, Nov 11: The index provider decides which bitcoin treasury companies, such as Strategy, may be removed from its indices. This could affect sentiment.
Scenarios
🟢 Bullish: $75K holds, CPI is calm, and BTC breaks above $78.6K and then $80K with rising volume. Next targets are $82.4K, then the top of the range.
🔴 Bearish: $75K breaks on a hot CPI or weak flows. The next stops are the trendline at $70–71K, then $67.3K.
My Takeaway
$75K is the line this week. I'm waiting for confirmation instead of guessing, and I'll be careful around CPI day. Patience matters more than speed here.
What's your view this week: bounce or breakdown? 👇
📚 Sources
Price levels, RSI, EMAs and volume come from my own TradingView charts. The news comes from public reports:
- Charts: TradingView, BTC/USDT on Binance (1D and 4H)
- October recap, Binance hack, Fed, MSCI date: 21Shares, "Bitcoin post-Binance hack: What recovery needs in November" (Nov 3, 2026)
- This week's price move: 24/7 Wall St, "Best Crypto to Buy in November 2026" (Nov 7, 2026)
- CPI date: US Bureau of Labor Statistics release schedule
- CPI expectations: Economic Weekly (Nov 6, 2026)
Disclaimer: This is my personal analysis for education only, not financial advice. Crypto is high risk. Do your own research and manage your risk.
#BTC #Bitcoin #WeeklyOutlook #CryptoAnalysis #BinanceSquare