Bitcoin Traders Brace for These 4 Key Macro Events This Week
Here are the four major events likely to matter the most for BTC and the broader crypto market for the week ahead.
Major cryptocurrencies are approaching decisive support and resistance levels as traders assess whether recent bullish momentum can continue.
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Zcash (ZEC), Bitcoin (BTC), Shiba Inu (SHIB) and Binance Coin (BNB) Price Analysis For October 5: Bears Could Take Control
Mon, 5/10/2026 – 0:01
Major cryptocurrencies are approaching decisive support and resistance levels as traders assess whether recent bullish momentum can continue.
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Zcash is undergoing its first serious correction after an extraordinary September rally. ZEC currently trades around $1,330 on the supplied daily chart after reaching approximately $1,680 near the September peak. Broader market data confirms the scale of the retracement: ZEC has lost roughly 20% over the past week after gaining more than 180% over three months.

Technically, the pullback has brought ZEC directly into an important short-term support area. The $1,280-$1,330 region has now attracted buyers several times, while the short-term moving average is flattening near current prices. However, momentum has deteriorated considerably. The daily RSI has retreated toward neutral territory after remaining elevated through much of September.
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The first major upside objective is $1,400-$1,450. Reclaiming this zone would suggest that the correction is stabilizing and could open another attempt at $1,500 and eventually the $1,600-$1,680 peak. Conversely, a decisive breakdown below $1,280 would expose approximately $1,150-$1,200, where the next major moving average is approaching.
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Fundamentally, ZEC also has a near-term catalyst: the NU7 public testnet is scheduled for October 6, although the proposed faster block times will not reach mainnet immediately.
For now, ZEC remains in a powerful longer-term uptrend, but the September parabolic phase has clearly ended. The immediate question is whether $1,300 becomes a consolidation floor or merely a temporary stop during a deeper correction.
Bitcoin is consolidating around $85,000 after its late-September breakout, with recent market data placing BTC close to this level. The supplied daily chart shows a substantially healthier structure than ZEC: BTC remains comfortably above all major moving averages while RSI holds above the midpoint.
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The critical short-term resistance remains $86,000-$87,000. BTC has repeatedly entered this area but failed to establish a sustained breakout, including a recent move above $86,000. A daily close above $87,000 would therefore represent an important technical confirmation and could put $89,000-$90,000 within reach.
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On the downside, the first meaningful support sits around $83,000-$84,000. Buyers have repeatedly defended this region during the latest consolidation. Below it, approximately $82,000 becomes the more important structural level, followed by the rising moving-average cluster around $78,000-$79,000.
The broader setup consequently remains bullish while BTC stays above $82,000. Unlike ZEC, Bitcoin is not correcting from an extreme vertical advance; it is consolidating near recent highs. That makes a break of the current $83,000-$87,000 range the clearest signal for BTC’s next directional move.
Shiba Inu is attempting to turn its recent recovery into a larger trend reversal, but SHIB has reached one of the most important resistance areas on its daily chart. The token currently trades around $0.00000570, following a late-September rally that briefly pushed it above $0.00000620.

The most significant development is SHIB’s interaction with its long-term moving average around 0.0000056-0.0000057. This level has acted as resistance for months, meaning a sustained move above it would substantially improve the technical structure. SHIB has already broken above its shorter moving averages, which are now turning upward beneath the price.
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However, momentum has stalled after the latest advance. RSI sits around the mid-50s rather than entering overbought territory, leaving room for another move higher but providing little evidence of immediate acceleration. Declining volume following the late-September surge also suggests buyers have become less aggressive.
The first resistance zone lies at 0.0000059-0.0000060. Breaking it would put the September high around $0.0000062 back into play. Beyond that, approximately 0.0000065-0.0000067 represents the next substantial target.
Support sits around $0.0000055, followed by the moving-average cluster near 0.0000052-0.0000054. Losing that cluster would weaken the recovery considerably and could return SHIB toward $0.0000050.
SHIB therefore has an improving setup, but it still needs to prove that the long-term resistance breakout can hold.
Binance Coin continues to display one of the cleaner bullish structures among major cryptocurrencies. BNB trades around $788 after recovering from its latest pullback, leaving the asset within striking distance of the psychologically important $800 level.
The daily chart remains firmly constructive. BNB trades above every major moving average shown, while the shorter averages continue rising sharply. More importantly, the price has established a sequence of higher highs and higher lows since the July bottom around $550.

BNB briefly traded above $800 during September before sellers forced a retreat toward $760. Buyers subsequently defended that area and have now pushed the price back toward the highs. RSI around 60 also indicates positive momentum without showing extreme overbought conditions.
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The immediate challenge is the 795-805 resistance zone. A convincing daily breakout above $805 would establish another higher high and could open the path toward $820, followed by approximately $850 if momentum expands.
On the downside, 765-770 is the first important support area. Below it, the rising short-term moving average around $755 provides another potential defense. The more consequential support cluster sits near 720-730, where two intermediate moving averages are converging.
As long as BNB remains above $760, the current structure favors another test of $800. A breakout would confirm continuation; repeated rejection around $800 would instead increase the probability of a broader consolidation.
#BNB
#Zcash
#Shiba Inu
#Bitcoin
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Here are the four major events likely to matter the most for BTC and the broader crypto market for the week ahead.
Here are the four major events likely to matter the most for BTC and the broader crypto market for the week ahead.
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