BTC Bears Are Back in Control Near $76,000; Here's What Swing Traders Can Do Next

Bitcoin slid this week as election betting markets tilted toward Democratic control of Congress. Traders worry a sweep could slow the pro-crypto policy push that has supported prices for months. The timing leaves the coin exposed. Bitcoin entered the vote already weak. Traders now watch whether buyers can defend the long-term trend line on election night. Bitcoin briefly sank to $75,700 around Nov. 3, 2026, as bets on a Democratic sweep of the US midterm elections gained ground. The dip came quickly and erased gains that buyers had defended through late October. Traders tied the selling to the political odds.

Source: Crypto Daily