$BTC Three slaps at 80K.. Is the countdown to the crash starting? 📉💥
Three attempts.. three rejections.. same result.
$BTC Tried to break through the $80,000 barrier and got "slapped" hard, returning to bleed at levels of $77,400. Officially: we are facing a Triple Top screaming for a drop.
📍 Why does the breakout fail?
Glassnode data doesn't lie; the $80,100 level is the "breakeven" point for buyers over the past months.
Once the price hits there, everyone rushes to take profits and escape with their capital, creating a steel wall that can only be broken with massive institutional liquidity (which is currently slowing down in ETF funds).
📍 Trading setup:
Until proven otherwise, every rise towards 80K is a selling opportunity, not a buying one.
- Selling zone: $79,000 - $80,500.
- Targets (TP): $74,000 | $72,000 | down to the major support at $70,000.
- Stop Loss (SL): Weekly close above $82,500.
📍 When do we switch to bullish?
We need a "real breakout" with massive trading volume and a weekly close above $80,500.
Anything short of that is just "hope" that won't stand against reality.
Conclusion: Trade what you see on the chart, not what your heart wishes. You were right to sell at 74K in March, and discipline is what will save you now.
Will you sell on the bounces or gamble on "catching falling knives" at 77K? Share your plan.... 👇💬
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