Bitcoin recently pushed above $81K and reached a three-month high, but the price failed to maintain that strength and moved back below the important $80K level.
For me, this is not automatically a bearish signal. After a strong rally, profit-taking is normal.
What matters now is whether buyers can reclaim $80K and turn it back into support.
๐ข Bullish scenario: $BTC reclaims $80K and holds above it on the 4H timeframe. A successful retest could bring the recent $81K high back into focus, followed by the $82Kโ$83K area.
๐ด Bearish scenario: $BTC continues getting rejected around $80K and starts forming lower highs. In that case, the $78Kโ$79K zone becomes an important support area.
๐ Prediction: I expect volatility around $80K to remain high. A confirmed reclaim would strengthen the bullish structure, while repeated rejection could lead to a deeper pullback.
I would rather wait for a clean retest than chase the first breakout candle.
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