Bitcoin Price Forecast Turns Cautious: After BTC hit $81,200 on 8/25, it was pressured by shorts and slipped back below $80,000, while derivatives positions remain net long, forming a contrarian short signal. Compared to the current price of $78,896, this strategy is still in effect—price has failed to reclaim the $80,000 level, forcing crowded longs to cut positions, which further increases downside pressure.
Key level adjustments: The prior rejection level at $81,200 has shifted lower. The first resistance is now $80,000, and the second resistance is $81,200. If the market breaks below the recent two-day low at $78,000, the risk zone is $75,500, with the extreme-case scenario replaying the $50K pullback playbook. The core logic from derivatives analysts is: "Sell the rebound before the longs have fully liquidated."
#BTC
Key level adjustments: The prior rejection level at $81,200 has shifted lower. The first resistance is now $80,000, and the second resistance is $81,200. If the market breaks below the recent two-day low at $78,000, the risk zone is $75,500, with the extreme-case scenario replaying the $50K pullback playbook. The core logic from derivatives analysts is: "Sell the rebound before the longs have fully liquidated."
#BTC