Sunday, November 8, 2026 · 5:56 AM KST Testing the Support Level After the Decline Today’s Key Insight: Bitcoin is holding near $75,000, but clear signs of a trend reversal are still lacking. Following the sharp drop on November 5–6, trading stabilized over the weekend with sideways movement. However, concerns persist as U.S. spot ETF outflows continue and U.S. tech stocks remain weak on a weekly basis. ### 1. Major Coin Prices Prices as of late November 7 to early November 8, USD · Variations exist across exchanges | Asset | Price | Market Status | |-------------|-------------|-------------------| | Bitcoin BTC | ~$75,800 | Testing support | | Ethereum ETH| ~$2,235 | Weak rebound | | Solana SOL | ~$89.7 | Continued weakness| | XRP | ~$1.16 | Relative weakness | | BNB | ~$697 | Sideways | Swiftedge +2 ### 2. Bitcoin Key Price Levels Upper Resistance BTC/USDT $80,000–81,000 Strong resistance zone $77,700–78,000 Recovery confirmation zone $75,800 approximately Recent trading range $75,000–75,700 First key support $73,000–73,200 Next major support The $75,700 level corresponds closely to the average entry price of recent buyers. If this level holds, a rebound may be possible; however, a break below $75,000 could extend downside risk toward the $73,000 zone. ### 3. Key Drivers Behind This Decline U.S. Tech Stock Uncertainty The Nasdaq rose 1.1% on Friday, November 6, but declined 3.4% for the week. Anxiety surrounding AI-related tech stocks is impacting Bitcoin sentiment. Reuters Bitcoin ETF Outflows U.S. spot Bitcoin ETFs recorded a net outflow of approximately $411.9 million on November 6, and a total net outflow of ~$1.28 billion from November 2–6. This remains the most critical variable in assessing buying momentum recovery. Bitcoin Almanack Futures Long Liquidations As of reports on November 6, over $1.27 billion in derivatives positions were liquidated within 24 hours, predominantly long positions. Forced liquidations amplified short-term price declines. CoinDesk ### 4. Expected Scenarios for Today Through Tomorrow | Scenario | Confirmation Condition | Expected Movement | |------------------|------------------------------|--------------------------| | Bullish Reversal Attempt | Recovery and consolidation above $77,700 | Re-test of $80,000 | | Continued Sideways | Price remains between $75,000–$77,700 | Base-building phase | | Further Decline | Break below $75,000 | Re-test of $73,000 zone | These price levels are technical observation zones and do not guarantee future price movements. ### 5. What to Watch on AI Coin Analysis Charts Today, focus particularly on the 15-minute EMA200 (thick green line), while also confirming the direction of the 4-hour and daily charts. * 15-minute: Is price recovering and holding above EMA200? * 4-hour: Confirm volume and structure of higher highs/lower lows during any rebound * Daily: Monitor whether $75,000 support holds and whether $77,700 is reclaimed Weekend trading volumes are typically low, making prices more susceptible to sharp moves from small orders. It will be critical to re-assess tech stock trends and ETF fund flows after U.S. markets reopen on Monday. ### Today’s Conclusion Bitcoin has halted its sharp decline, but it is premature to conclude that buying pressure has returned. While a short-term rebound remains possible as long as $75,000 holds, any distinction between technical recovery and true trend reversal must wait until $77,700–$80,000 is reclaimed. Today’s Key Phrase: > Bitcoin is holding the line, but the recovery is not confirmed. Watch $75K support and $77.7K resistance.