Saturday, 31 October 2026 · BTCUSD
Bitcoin Range Under Pressure After Binance Hack, 31 Oct 2026
Bitcoin trades at 77,158 in a flat trend, with RSI at 34.29 and the Binance hack weighing on crypto sentiment. Price sits between support at 76,219 and resistance at 79,676, so the next clear break will likely set the direction.
■ Today's bias: range
The technical picture
BTCUSD is at 77,158 with a flat trend and a trend score of -1 out of 5, so momentum is not confirming either side. RSI at 34.29 is near oversold territory, which suggests sellers are in control but may be getting stretched. The market is boxed between support at 76,219 and resistance at 79,676, and the 2,169.6 ATR shows that daily swings of around that size are normal.
News and fundamentals
The main crypto-specific headline is the reported hack at Binance, described as roughly $6 billion, which hurts confidence in centralized exchanges and can trigger outflows and liquidations. Broader risk sentiment is also weak, with the Nasdaq posting its worst daily loss since June and tech stocks selling off. Geopolitical stress is rising as reports of mine strikes on tankers in the Strait of Hormuz lift oil, while gold slips below 4,000 dollars amid rate worries and a stronger dollar outlook.
What matters today
The key question is whether crypto can absorb the Binance shock while equities and oil keep pressing risk assets. Price is currently closer to the lower part of the range, so a failure to hold above support would matter more than a quick bounce. Traders watching the intraday setup should note that the Sell Limit idea at 78,496, with stop at 79,581 and first target at 77,412, depends on price rejecting the mid-range area rather than breaking above it.
Scenarios
Target: Around 79,676 first, then toward roughly 81,850 (about one ATR above resistance)
Target: Around 74,050 (about one ATR below support)
What to watch today
- Follow-through or recovery in crypto after the Binance hack headline
- Oil and Strait of Hormuz headlines, which can drive risk-off moves
- Reaction at support 76,219 and resistance 79,676
- Nasdaq and tech stock direction, since equity weakness is spilling into crypto
News behind this analysis
- Crude oil jumps as Iran says four tankers struck mines in the Strait of Hormuz (USO:NYSEARCA) · Seeking Alpha▼ 🌐 Markets
- $6bn hack by 'bad actors' hits crypto exchange Binance · Yahoo Finance▼ ₿ Crypto▼ 🌐 Markets
- Oil Prices Rise After Ship Attacks, US-Iran Talks Deadlock · EnergyNow.com▼ 🌐 Markets
- Crypto exchange Binance loses €5.4 billion in hack · The Brussels Times▼ ₿ Crypto▼ 🌐 Markets