Kevin Warsh has already made the next $BTC move around $80K much more interesting. His first Jackson Hole speech as Fed chair put fresh pressure on the rally after $BTC briefly pushed above $81K on Friday. Bitcoin then dropped toward $77K before stabilizing around the $78K area. The bigger picture comes down to liquidity. Bitcoin’s recent move from the mid-$60Ks was supported by falling Treasury yields and improving financial conditions. Warsh shifted attention back toward inflation by keeping a potential September rate hike in play, which pushed rate expectations higher and cooled momentum around $80K. From here, payrolls and CPI could shape the next leg. Softer economic data could reduce expectations for tighter policy, ease pressure on yields and give $BTC another opportunity to reclaim $80K. Stronger data could keep yields elevated and make that resistance harder to clear. Warsh has previously described Bitcoin as a potential store of value and a useful signal for monetary policy, yet his role as Fed chair puts inflation and financial conditions at the center of every decision. For me, the $BTC rally remains alive. Warsh has simply raised the bar for the next breakout. Payrolls, CPI and the September FOMC now become the major catalysts to watch. If liquidity conditions improve again, $80K could quickly turn from resistance into support.