Yesterday morning I called $78,100 the ceiling that held. Tonight $BTC sits above it — so I'm grading that call again, and this time it broke.
On vote day the ceiling did hold: price had poked above $78,100 over the weekend, then slipped back under it near $76,900. That read aged fine into the results. Then the tape flipped — an overnight dip to $75,736, then a reclaim past $78,100, and $BTC now sits near $78,600 on Binance spot.
Support: $78,100, the old ceiling now acting as the floor to prove.
Resistance: $78,878, Monday's peak.
The doubt is plain: spot ETFs still bled about $115.6 million on November 3, and today's Treasury refunding landed exactly as expected, so neither flow nor funding explains the reclaim yet. A 4H close back under $78,100 unwinds this read; holding it keeps Monday's peak in focus ahead of Friday's jobs report.
Does $BTC hold $78,100 into Friday, or slip back under it?
Not financial advice. DYOR.
$BTC #Bitcoin #BitcoinAnalysis #Midterms #CryptoMarkets
On vote day the ceiling did hold: price had poked above $78,100 over the weekend, then slipped back under it near $76,900. That read aged fine into the results. Then the tape flipped — an overnight dip to $75,736, then a reclaim past $78,100, and $BTC now sits near $78,600 on Binance spot.
Support: $78,100, the old ceiling now acting as the floor to prove.
Resistance: $78,878, Monday's peak.
The doubt is plain: spot ETFs still bled about $115.6 million on November 3, and today's Treasury refunding landed exactly as expected, so neither flow nor funding explains the reclaim yet. A 4H close back under $78,100 unwinds this read; holding it keeps Monday's peak in focus ahead of Friday's jobs report.
Does $BTC hold $78,100 into Friday, or slip back under it?
Not financial advice. DYOR.
$BTC #Bitcoin #BitcoinAnalysis #Midterms #CryptoMarkets
