BTC/USD Technical Outlook Hits New Low as Macro Stress Pushes Toward $70,000 Support

Created on September 03, 2026

Bearish view

• Sell the BTC/USD pair and set a take‑profit at 70,000.

• Add a stop‑loss at 81,000.

• Timeline: 1‑2 days.

Bullish view

• Buy the BTC/USD pair and set a take‑profit at 81,000.

• Add a stop‑loss at 70,000.

Bitcoin price wavered and remained at a crucial support level as the global bond market sell‑off continued and as the US dollar gained momentum ahead of the US nonfarm payrolls (NFP) data. The BTC/USD pair was trading at 77,180, a few points below the August high of 81,365.

The digital asset has lost momentum amid rising macro events. The global bond market came under intense pressure this week, with the US benchmark 10‑year yield jumping to 4.80 % and the 30‑year yield climbing to 5.26 %. Similar trends were observed in other major economies such as Germany and France.

Rising public debt—exceeding $40.1 trillion in the United States—combined with substantial borrowing by hyperscalers like Meta, Microsoft, and Amazon to fund data‑center expansion has driven bond yields higher.

Oil prices also exerted pressure on Bitcoin, as Brent and West Texas Intermediate (WTI) rose to $95 and $91 respectively amid continued US‑Iran hostilities.

These developments have strengthened the US dollar, pushing the DXY index to 99.68. Market participants now anticipate a possible Federal Reserve rate hike as early as the September meeting. Bitcoin typically underperforms when monetary conditions tighten.

BTC/USD Technical Analysis

On the daily chart the BTC/USD pair pulled back from last month’s peak of 81,365 to the current level around 77,200. The Percentage Price Oscillator (PPO) lines have formed a bearish crossover, a pattern that historically signals further downside.

Meanwhile, the Relative Strength Index (RSI) has slipped from an overbought 86 down to 64.70, indicating persistent bearish momentum.

Consequently, the pair is likely to continue descending, with the next key support at 70,000. This view would be confirmed by a break below the 76,250 level. Conversely, a move above the 81,365 resistance could herald renewed upside.

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