Post
taishiro
For BTC, the $81,300–$82,000 region is now an important test.
Reclaiming that zone with sustained spot demand would strengthen the recovery argument. Getting rejected there could leave this as another relief rally within a broader corrective structure.
The election uncertainty has faded, but the market still needs fresh demand to turn this rebound into something more sustainable.
Price recovery is one thing. Trend confirmation is another.
#DemocratsWinHouseSenate
taishiro
• Short covering accelerated the bounce after the initial sell-off.
• US spot BTC ETFs recorded $74.6M in net inflows on November 4, reversing three consecutive sessions of outflows.
• A weaker dollar, falling oil prices and improving risk appetite also supported the broader market.
But there's still a political overhang. Democratic control of Congress could complicate the passage of crypto-friendly legislation, even if it doesn't immediately change the regulatory environment.
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