Bitcoin recovered above $80,000 on November 4 after briefly falling below $76,000 following the US midterm election results.

However, the recovery still needs confirmation.

Technical levels to watch:

* Resistance: $81,300–$82,000.
* Next resistance: $84,800.
* Major support: $77,000–$75,000.
* Deeper support: $73,200.

ETF outflows remain a concern. US spot Bitcoin ETFs recorded approximately $1.16 billion in outflows across three sessions.

My perspective: A recovery without renewed spot demand could become another temporary bounce. I want to see Bitcoin reclaim $81,300 and sustain that level before becoming more confident.

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