Bitcoin Chart Marks $76,340 as Support After Channel Breakdown

Bitcoin (BTC) was at $77,340 at 7:34 a.m. ET (12:34 p.m. UTC) Nov. 3, while a daily chart marked $76,340 as horizontal support. The daily chart showed BTC below a descending channel and returning to test its lower boundary as resistance. Bitcoin remained inside a broader parallel channel. A weekly chart marked additional support levels at $73,800, $69,000 and $66,000. The market backdrop was also weak across several assets. Oil pulled back Monday, and stocks continued to fall, including artificial intelligence shares. Gold and silver also weakened. The U.S. 10-year Treasury yield briefly reached 5% Tuesday before retreating to 4.9%.