【November 6 | Morning Market Update and Macro Risks】

First, the facts: BTC is around $76,170. The weekly and daily charts remain in a pullback structure. It has rebounded from the 4-hour low of 75,158 but remains capped by the moving averages. ETH is around $2,239, consolidating weakly on the 4-hour chart. The Nasdaq screenshot shows risk assets under pressure across the board, with the market in a risk-off and deleveraging phase.
Key BTC levels: 75,150–75,000 below; a break below that puts 74,000 in focus. 77,500–78,000 above; reclaiming that range would open room for a recovery. ETH support is at 2,200–2,170, with resistance at 2,280–2,320. If the Nasdaq continues to weaken, BTC’s rebound may be limited.
Claims that an “AI bubble” or the “election” caused a sharp drop in U.S. stocks should currently be treated only as market narratives, not as confirmed causal factors. A more measured assessment is that pullbacks in highly valued tech stocks, declining risk appetite, and tightening liquidity and leverage are jointly spilling over into the crypto market.
Tonight, watch U.S. employment data, the unemployment rate, and subsequent Fed remarks. Any deviation from expectations could affect the dollar, Treasury yields, and BTC volatility. Don’t chase the first candle around the data release; wait for confirmation from a 15-minute/1-hour close. Keep positions light, use low leverage, and set stop-losses in advance.
Yunxiang Research Institute · Guanlan | For market discussion only; not investment advice. #btc #Artificial Intelligence