Bitcoin

Key insight

80,000 round-number holding by a thread — a weekly close below flips structure bearish and opens the 74,500 Fib 61.8% retracement as the next meaningful support.

80,309 sits below the 200-day MA near 83,500 and the key 82,000 reclaimed-support level, with ETH down 2.4% signalling broad crypto risk-off pressure across the complex.

Main risk

US Equity Risk-Off Spillover

S&P 500 at 7,656 near all-time highs; any equity pullback drains liquidity from BTC, which has shown 0.6+ 30-day correlation to Nasdaq.