What happened in this Finance story?

Bitcoin enters U.S. midterm week with 100-day moving-average support intact, while election results, employment data and heavyweight technology earnings test expectations and a chart that resembles its 2023 recovery pattern.

What is a key fact in this story? (1)

**Bitcoin** closed October down 7.3% and was down 6.4% for the quarter as of Monday, but held above its 100-day simple moving average, avoided retesting $76,300 and reclaimed its 100-week EMA at $77,759.

What is a key fact in this story? (2)

**Benjamin Cowen** described midterm-year fourth-quarter declines as buying opportunities for investors who sold long ago, even as Bitcoin fell 17.3% in 2014, 43.5% in 2018 and 14.8% in 2022—periods that coincided with bear markets.

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Bitcoin Holds 100-Day Support Into U.S. Midterms — SkimNews

By Cointelegraph · Summarized & edited by Kapil Samant · 2026-11-02

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Bitcoin closed October down 7.3% and was down 6.4% for the quarter as of Monday, but held above its 100-day simple moving average, avoided retesting $76,300 and reclaimed its 100-week EMA at $77,759.
Benjamin Cowen described midterm-year fourth-quarter declines as buying opportunities for investors who sold long ago, even as Bitcoin fell 17.3% in 2014, 43.5% in 2018 and 14.8% in 2022—periods that coincided with bear markets.
Kalshi put Democrats’ probability of winning the House at 93.6% on Monday, while Trump said he would use his veto power if Democrats took control of Congress.
Nonfarm payrolls are forecast to rise by 65,000 in October after September added 29,000 jobs, below an 84,000 forecast, a result the article says notionally increases the odds of dovish Federal Reserve signals and bullish crypto liquidity.
CME Group’s FedWatch Tool showed markets pricing a 67%-75% probability of a 25-basis-point Federal Reserve rate hike at the December FOMC meeting.
Apple is due to report after Monday’s close, as is Palantir, with 20% of S&P 500 companies reporting over the coming days after last week’s tech selloff renewed concerns about AI spending, profitability and revenue growth.
Rekt Capital compared Bitcoin’s weekly chart with its inverse-head-and-shoulders rebound from the 2022 bear-market low and identified $76,300 as right-shoulder support, while watching for a brief downside break.

Why it matters: With Democrats at 93.6% implied odds of a House win, Bitcoin traders face a lopsided election consensus but an unresolved macro setup: October payrolls are forecast at 65,000, while a December rate hike carries 67%-75% pricing. The technical line to watch is $76,300 support.