Bitcoin is hovering near $80.5K after its latest rebound failed to hold above resistance. The short-term structure remains bearish, with buyers defending the $80K region while substantial liquidation exposure sits below recent lows. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin’s recovery toward $84K–$85K was followed by a sharp rejection and renewed selling. The subsequent candles have formed lower highs and pushed the price toward the ascending channel’s midpoint around $79.5K–$80K. Although a recent lower wick shows buying interest beneath this trendline, the rebound has lacked sustained follow-through. Holding the midpoint could allow another recovery attempt, but buyers first need to reclaim the $81K–$82K area before challenging resistance around $84K–$85K. The broader $85.5K–$90.5K supply zone remains the main obstacle to restoring the daily bullish trend. Conversely, sustained acceptance beneath $79K–$80K would weaken the channel’s internal support and favor a deeper correction toward the highlighted $75K–$78K demand zone. This region contains the base of September’s advance and represents the next major daily support area. BTC/USDT 4-Hour Chart The...
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