At 11 a.m., I left this final comment: If 76,550 is reclaimed quickly, this was just a fakeout. It took only one hour. When the Democrats took control of the House, $BTC plunged to 75,734, piercing the daily EMA200 (around 76,525). By 12 p.m., it rebounded above 76,550 and is now at 78,400—higher than the 77,880 level at 7 a.m. this morning when vote counting began. The bearish news was real, but the panic didn’t even last through lunch. But the real test lies above: between 78,430 and 78,460. The 1-hour EMA200 and the 4-hour EMA50 converge precisely on this line. The remaining 56.8 short positions of the 40x bear trader have a liquidation price of 78,427.7—just below this line. He was just liquidated again at 15:25. If this level breaks, he becomes fuel. If it doesn’t, this V-shape is merely a short squeeze.