Bitcoin and most major cryptocurrencies dropped sharply, which is bad news for crypto holders, as a rough day for tech stocks and a large Bitcoin transfer by a Trump-owned company both hit the market at once.

• Nvidia stock had its worst drop in about a year and a half, dragging down the Nasdaq and the broader stock market, possibly tied to worries that Democrats winning more power in the midterms could mean tougher regulation on AI companies.
• Since stocks and crypto often move together, the stock sell-off helped push Bitcoin back down after it failed to break through a key resistance zone.
• Trump Media moved over 4,200 Bitcoin, worth more than $300 million, to a crypto exchange — a move that often signals an intent to sell, adding more selling pressure right after the midterm results.
• Ethereum, Solana, XRP, and Chainlink all saw similar fakeout rallies followed by rejections, with weak momentum continuing across the board.
• Bitcoin's broader trend has been weakening for over a month, with no clear sign yet that the bullish momentum is coming back.

Outlook: Bitcoin is likely to hold its current support for a few more hours or days if stocks stabilize, but the overall trend still points to more weakness in the coming weeks unless momentum clearly turns around.

## Bitcoin Levels

• **Bias:** Bearish to neutral short-term; longer-term weekly trend still technically bullish but unconfirmed
• **Support:** $75,000–$76,000 (mid-$70K area); deeper support near $74,000 and then $66,000–$67,000
• **Resistance:** $80,000–$82,000
• **Targets:** Upside liquidity just above $82,000; downside risk toward $66,000–$67,000 if $74,000 breaks
• **Invalidation:** A confirmed break below ~$74,000–$75,000 would open the door to a drop toward $66,000