Tuesday, 3 November 2026 · BTCUSD
Bitcoin Daily Analysis, 3 Nov 2026: Range Below 79,800 Resistance
Bitcoin trades near 76,958 in a flat trend, between support at 76,326 and resistance at 79,800. Geopolitical risk-off headlines and Fed hike bets are weighing on sentiment, so a clean break of either boundary is needed for a directional move.
■ Today's bias: range
The technical picture
Bitcoin is in a flat trend with a trend score of -1 out of 5, which signals weak directional conviction. Price sits about 630 above support at 76,326 and about 2,840 below resistance at 79,800. The RSI at 34.84 is in weak territory, showing selling pressure without yet reaching deeply oversold conditions. The ATR of 1,971 gives a sense of typical daily movement, so the range is wide enough for both boundaries to be tested.
News and fundamentals
The news flow in the last 24 hours is dominated by US-Iran military escalation, including reports of US strikes on Qeshm Island, threats against Iranian nuclear sites, and the shooting down of two US aircraft over the Strait of Hormuz. These headlines lift oil and gold as hedges while pressuring stocks and risk appetite, which is typically a negative backdrop for crypto. A separate report points to Fed rate hike bets lifting real yields and the dollar, which weighs on non-yielding assets and adds pressure to Bitcoin ahead of the US midterms. Gold's mixed picture, with a record weekly surge above $5,000 in one headline and a pullback below $3,950 in another, reflects conflicting signals that
What matters today
Today's catalysts are the US CPI m/m release at 07:30 UTC, where the forecast is 0.0% after 0.0%, and JOLTS Job Openings at 15:00 UTC, forecast at 7.15M versus 7.08M previously. A soft CPI print would ease Fed hike concerns and could help risk assets, while a hotter reading would reinforce the tighter-policy narrative. The US Congressional elections add event risk into the US session. The system currently shows no running signals, so the setup is only a reference level rather than a confirmed trigger.
Scenarios
Target: 84,038, the first target of the flagged swing setup.
Target: About 74,355, one ATR below support (76,326 minus 1,971), as a derived reference
What to watch today
- 07:30 UTC: US CPI m/m, forecast 0.0%, a key test for Fed hike expectations.
- 15:00 UTC: JOLTS Job Openings, forecast 7.15M versus 7.08M prior.
- Key levels: support 76,326 and resistance 79,800; a close beyond either would define the next move.
- US-Iran headlines and Strait of Hormuz developments, which can drive sudden risk-off moves.
News behind this analysis
- Gold weakens back below $3,950 as Fed hike bets weigh ahead of US midterm elections · FXStreet▲ 💵 Dollar▼ ₿ Crypto
- Gold Shatters $5,000 With Its Fastest Weekly Surge Yet · Startup Fortune▼ 💵 Dollar
- Oil Price Forecast: WTI and Brent Rebound on US Strike in Iran · FXEmpire▼ 🌐 Markets