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Just caught this take from a derivatives analyst and it's worth paying attention to. Bitcoin's looking a bit shaky right now - we're sitting around $73.7K, but the real test is whether it can push back above $85K. If it doesn't hold that level, the whole rally narrative kind of falls apart.
The way they're framing it is pretty straightforward: until BTC reclaims that $85K zone, the momentum is basically broken. It's not just about hitting a random number - that level represents where the market either believes in the upside or starts doubting it again.
Right now the structure looks fragile. Could be a good setup to watch, but honestly feels like we're at one of those decision points. Either Bitcoin breaks through and the rally continues, or we see more consolidation below that key resistance. Either way, $85K is the number to watch.