Bitcoin

Key insight

80,000 rejected twice this week; 200-day MA at ~82,500 caps recovery attempts. Holding above 78,000 Fib support is the only near-term bull argument. Lose it and 73,800 opens fast.

79,387 sits below the 80,000 round number and the 200-day MA near 82,500 — both now acting as resistance, keeping near-term structure firmly negative.

Main risk

200-day MA Resistance at 82,500

Fail to reclaim 82,500 within days and momentum sellers re-engage; S&P 500 flat at 7,738 offers no risk-on tailwind to force the breakout.