Bitcoin’s failed $81,000 breakout just put $75,000 back on the table

Bitcoin trades near $78,000 heading into the weekend, sitting almost between $77,000 support and $80,000 resistance after a sharp rejection from above $81,000 hit on Aug. 28.A confirmed break below $77,000 opens the mid-$75,000s, while a reclaim of $80,000 puts the roughly $81,300 high from Aug. 28 and the $82,000 to $83,000 zone back in range.Bitcoin reversed its Aug. 28 intraday high once Kevin Warsh's Jackson Hole remarks lifted September rate-hike odds to around 55% from roughly 40% before the speech. Warsh said the Fed still had work to do if inflation failed to return toward its target.That repricing put Bitcoin back below $80,000 by the close, turning a level buyers had briefly reclaimed back into resistance and leaving $77,000 as the immediate line traders now have to defend.BTC levelRole this weekendWhat a move means$82,000–$83,000Upside targetNext resistance zone if BTC clears the Aug. 28 high$81,300Friday highBreak above this confirms buyers have reversed the selloff$80,000Bullish triggerReclaim turns failed breakout into possible bear trap$77,000–$77,100Weekend pivotHolding keeps BTC in consolidation; losing it shifts momentum lower$75,000–$75,500First bearish targetMai...