{"id":441711,"date":"2026-11-06T18:40:06","date_gmt":"2026-11-06T11:40:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/risk-off-wave-hits-bitcoin-as-tech-stocks-lead-global-selloff-whats-next-441711\/"},"modified":"2026-11-06T18:40:06","modified_gmt":"2026-11-06T11:40:06","slug":"risk-off-wave-hits-bitcoin-as-tech-stocks-lead-global-selloff-whats-next","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/risk-off-wave-hits-bitcoin-as-tech-stocks-lead-global-selloff-whats-next-441711\/","title":{"rendered":"Risk-off wave hits Bitcoin as tech stocks lead global selloff. What’s next?"},"content":{"rendered":"
\n

Bitcoin tanked yesterday as the rout in the stock market triggered a
\n strong risk-off sentiment across the board. <\/p>\n

It looks like the market realised that the blue sweep is not a good
\n thing amid more fiscal restraint and tighter regulation and restrictions on AI
\n infrastructure.<\/p>\n

Moreover, a Democratic Congress doesn\u2019t limit Trump\u2019s power to impose
\n tariffs or continue the war with Iran. So, all in all, this should be a net
\n negative for the growth outlook and therefore for risk sentiment, unless the
\n US-Iran war finally ends. <\/p>\n

Looking ahead, the focus will remain on US-Iran developments and the Fed.
\n A breakthrough ion negotiations would be positive for Bitcoin on improving
\n growth outlook and positive risk sentiment. An escalation, on the other hand,
\n will likely trigger another selloff on increasing growth concerns and safe
\n haven flows.<\/p>\n

\u00a0<\/p>\n

BITCOIN TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that Bitcoin<\/a>tanked yesterday amid the
\n tech stocks rout leaving behind a fakeout. The selloff paused around the key
\n 75,000 level as the buyers started to pile in, with a defined risk below the
\n level, to position for a rally into the 98,000 level. The sellers will want to
\n see the price breaking lower to increase the bearish bets into the major upward
\n trendline around the 72,000 level.<\/p>\n

BITCOIN TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we can
\n see more clearly yesterday\u2019s selloff and the bounce around the 75,000 level.
\n There\u2019s not much we can glean from this timeframe as the buyers will continue
\n to pile in around the 75,000 level and increase the bullish bets on a break
\n above the downward trendline, while the sellers will wait for a break below the
\n 75,000 level to extend the selloff into the major upward trendline. <\/p>\n

BITCOIN TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, there\u2019s
\n not much we can add here but the swing high around the 77,000 level could act
\n as minor resistance. The buyers will want to see the price breaking higher to
\n increase the bullish bets into new highs, while the sellers could lean on it,
\n with a defined risk above it, to position for a break below the 75,000 level. The
\n red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we
\n conclude the week with the US NFP report and the University of Michigan
\n Consumer sentiment survey.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin tanked yesterday as the rout in the stock market triggered a strong risk-off sentiment across the board. It looks like the market realised that the blue sweep is not a good…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441711","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441711"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441711\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}