₿ BTC 4H | Post-midterm update :
🟠Bitcoin quickly recovered from the election-night dip, then surged toward $81K on Nov. 4–5. That rally was rejected, and BTC has since drifted lower to around $74.9K.
📉 Price is below the 20-period SMA (~$76.0K) and 50-period EMA (~$77.2K), keeping the short-term trend under pressure. RSI is near 35—approaching oversold, but there’s no clear bullish divergence yet.
The post-election bounce faded quickly, with regulatory uncertainty and continued ETF outflows still weighing on sentiment.
💸Cash is a position. NFA.
TRADE $BTC HERE👇
🟠Bitcoin quickly recovered from the election-night dip, then surged toward $81K on Nov. 4–5. That rally was rejected, and BTC has since drifted lower to around $74.9K.
📉 Price is below the 20-period SMA (~$76.0K) and 50-period EMA (~$77.2K), keeping the short-term trend under pressure. RSI is near 35—approaching oversold, but there’s no clear bullish divergence yet.
The post-election bounce faded quickly, with regulatory uncertainty and continued ETF outflows still weighing on sentiment.
💸Cash is a position. NFA.
TRADE $BTC HERE👇
