$BTC /USDTWild Swings Ahead? Bitcoin Battles Resistance in the $81K Zone!

Current Price: $80,902.01

24H High: $82,466.35

24H Low: $78,464.36

24H Change: -1.37%

Bitcoin has been on a rollercoaster today, surging off a strong bounce from $78,969.58 to test key resistance at $81,100. The momentum has slowed slightly, with current price action hovering just under resistance—suggesting a decisive breakout or sharp rejection could be imminent.

Technical Breakdown:

Immediate Resistance: $81,100

Stronger Resistance: $82,466 (24H high)

Key Support Levels: $80,269 | $78,969 | $78,464

Volume: High volatility with 24H BTC volume at 32,617 BTC, indicating strong market participation.

Potential Trade Setups:

1. Long Setup (Breakout Play):

Entry: $81,200 (confirmation of breakout)

Target 1: $82,000

Target 2: $82,800

Stop Loss: $80,250

Justification: Bullish momentum remains intact after a strong recovery from sub-$79K levels. A breakout above $81,100 could trigger short covering and fresh longs.

2. Short Setup (Rejection Play):

Entry: $80,750 (if candle closes below $81K with rejection wick)

Target 1: $80,000

Target 2: $78,900

Stop Loss: $81,300

Justification: Repeated failure to break above $81,100 could lead to profit-taking and a short-term bearish move.

Pro Tip:

Watch the 15m RSI and MACD crossover—they’re crucial for catching momentum shifts in these tight ranges. Overbought conditions or bearish divergence could precede a sharp pullback.

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