$BTC is sitting right under the door it just slammed.
It got rejected near $81.3k on Friday and it is hovering around $79k now.
The wall is clear.
$80k to $81.3k
Reclaim $80k and hold it, and the squeeze back toward $82k to $83k is live again.
Fail there and the first real test is $77k.
Lose $77k and the next obvious stop is $75k to $75.5k.
That is the entire trade. Break the resistance or get sent lower to reload. There is nothing worth trading in the middle.
The people watching $80k this weekend already know which side they want to see close.
It got rejected near $81.3k on Friday and it is hovering around $79k now.
The wall is clear.
$80k to $81.3k
Reclaim $80k and hold it, and the squeeze back toward $82k to $83k is live again.
Fail there and the first real test is $77k.
Lose $77k and the next obvious stop is $75k to $75.5k.
That is the entire trade. Break the resistance or get sent lower to reload. There is nothing worth trading in the middle.
The people watching $80k this weekend already know which side they want to see close.