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Oil prices retreat amid US-Iran tensions; Bitcoin and stocks continue downward trend.

Market News
03 Nov 2026, 12:54 WIB
Crypto Daily
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Bearish
Oil prices retreat amid US-Iran tensions; Bitcoin and stocks continue downward trend.

Oil prices pulled back after hitting resistance in a descending trendline, trading within a triangle pattern that will likely break by month's end, influenced by US-Iran relations post-midterm elections. The US 10-year bond yield briefly rose to 5% before dropping back to strong support at 4.9%, indicating a correction but with rising yields expected to persist. Bitcoin has broken down from its descending channel but found support around $76,340, with critical support levels between $73,800 and $77,000 potentially preventing further collapse. The market awaits clarity on whether these supports hold or if Bitcoin will test lower levels or rebound strongly, with significant patterns suggesting possible moves to $64K or up to $116K.

Bitcoin's recent price action provides context for cryptocurrency market trends on Pluang as of Nov 03, 2026 17:51 WIB. Among 50 major cryptocurrencies, 11 rose while 38 fell today. Notable movers include COTI at Rp178 with a 1-day change of -2.96% and a typical hold time of 122 days, THETA at Rp2.719 down 2.54% but with 100% buy order activity, and AAVE at Rp2.328.761 down 2.20% with 74% sell order activity.

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