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#BitcoinHoldsFirmAbove80K — $80K is still holding as support 🟢
Current price: $81,278
24h range: $80,458 – $81,791
Why it’s holding:
ETF inflows: $629.8M net inflow on Friday. 11 out of the last 14 trading days have been positive. That bid is absorbing dips below $80K.
Liquidation map: $383M in shorts get liquidated above $80,835. That’s why short squeezes kick in when price pushes up.
Technical level: Daily closes above $80K have flipped it from resistance to support. Next targets are $81,912 and $83,437.
Risks:
The rally is leverage-driven. Spot demand contracted in April-May, so most of the move came from perps.
If $80K breaks, there’s $1.35B in long liquidations between $77,500-$77,900. That would trigger a fast pullback.
Weekly outlook: If we close the week above $80K, $85K-$88K comes into play. If not, expect a retest of $77.5K.
Are you looking to add at these levels, or waiting for a retest of $80K?
$BTC $GT $SOL