Bitcoin Price Analysis: Key Levels and Trade Setup

#Bitcoin is currently trading at $81,100, down 5.41% from its recent high, after hitting a 24-hour low of $80,000. The price has faced significant selling pressure, dropping sharply from the $86,500 high. Here's a detailed analysis of the current situation and potential trading opportunities:

Current Market Dynamics

Price Action: BTC is in a downtrend, with strong selling pressure pushing it below key support levels.

Volatility: The sharp drop from $86,500 to $80,000 indicates heightened market uncertainty, likely driven by macroeconomic factors, regulatory concerns, or profit-taking by investors.

Sentiment: The market is bearish in the short term, but BTC is now testing a critical support level, which could determine the next major move.