Friday, 6 November 2026 · BTCUSD
Bitcoin Slips Near $76K as Oil and Yields Climb, Nov 6 2026
Bitcoin trades near $75,661 with a flat trend and weak momentum after a liquidation-driven slide. Traders are watching the $74,968 support and today's US jobs data.
▼ Today's bias: bearish
The technical picture
Bitcoin is at about $75,661, closer to the $74,968 support than to the $79,800 resistance. The trend is flat with a score of -1 out of 5, and RSI at 38.46 shows weak momentum without being oversold. The average true range of about $2,451 suggests moves of that size are normal for the current volatility.
News and fundamentals
Headlines report that a tech-led equity selloff and roughly $1 billion in crypto liquidations pushed Bitcoin below $76,000. Oil is rising on Middle East supply concerns, with Brent reported between about $98 and above $100, and this adds inflation worries. Rising bond yields and bets on a Fed hike strengthen the dollar and pressure gold and risk assets, which weighs on crypto.
What matters today
The US jobs report is due at 13:30 UTC, with non-farm payrolls forecast at 65K versus 29K previously and unemployment expected at 4.2%. A stronger print could reinforce Fed hike bets and add pressure to risk assets, while a weak print could ease yields. Consumer sentiment and inflation expectations follow at 15:00 UTC, and BOJ Governor Ueda speaks at 16:00 UTC.
Scenarios
Target: $79,800 resistance, with further upside only if that level is cleared on a close
Target: About $72,500, one ATR (about $2,451) below the support
What to watch today
- 13:30 UTC: US non-farm payrolls (65K forecast vs 29K previous) and unemployment (4.2%)
- 15:00 UTC: Prelim UoM consumer sentiment (48.1 forecast) and inflation expectations (4.7% previous)
- Key levels: $74,968 support and $79,800 resistance
- Oil and yield moves as a risk-off signal for crypto
News behind this analysis
- On the Chain: Bitcoin slides to US$76,000 as tech rout triggers US$1 billion crypto liquidation wave · Proactive financial news▼ ₿ Crypto▼ 🌐 Markets
- Gold drifts lower as rebounding bond yields and Fed hike bets support USD ahead of US NFP · FXStreet▲ 💵 Dollar▼ ₿ Crypto
- Oil Heads for Steep Weekly Loss as Mideast Peace Prospects Rise · Bloomberg.com▲ 🌐 Markets▼ 💵 Dollar
- Crypto Market Crash Sends BTC Below $76K as Liquidations Top $1B · CryptoRank▼ ₿ Crypto▼ 🌐 Markets