---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000963741.md"
description: "🚨 Bitcoin Weekly Update: Can BTC Hold the $76.5K Support Amid Macro Turmoil?📊 Technical OverviewBitcoin’s strong 3 months rally has hit a sharp pause. After testing resistance close to $82,000, BTC pulled back noticeably toward $77,300, leaving a long upper wick on the monthly chart. On the four‑hour timeframe, a steep sell‑off broke short‑term consolidation, pushing the 4‑hour RSI down to an oversold reading of 38.69 as price tests support around $76,500. The monthly RSI stands at a neutral 50.24, which points to a momentum reset rather than a full breakdown of the longer‑term macro trend.🌍 Fundamental OverviewA string of key early‑November economic releases is prompting traders to reduce risk exposure:• US Midterm Elections on 3 November: Political uncertainty and potential future crypto regulatory changes are adding to market swings.• Central bank and macro policy outlook: Interest rate forecasts and ongoing inflation worries continue to shape sentiment for all risk assets.• Non‑Farm Payrolls on 6 November: Friday’s labour data will be a major driver for Treasury yields and market expectations around Fed rate cuts.💡 Key TakeawayShort‑term sellers are in control for now, but the broader upward macro trend is still intact. The critical level to watch is $76,500. If buyers can hold this zone, we may see a period of sideways movement to absorb selling pressure before prices move higher again. If BTC falls clearly below $76,500 though, a deeper pullback could follow before the longer‑term uptrend resumes.Disclaimer: For information only, not financial and investment advice. Do your own due diligence.$BTC/USD(BTCUSD.HAS)"
datetime: "2026-11-01T00:18:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000963741.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000963741.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000963741.md)
author: "[Fattycat](https://longbridge.com/en/profiles/19854884.md)"
generator: "portal-rs"
---

# 🚨 Bitcoin Weekly Update: Can BTC Hold the $76.5K S…


---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**