#加密市场小幅下跌 Bitcoin fails to break through the $80,000 resistance level; on-chain indicators show a mix of bullish momentum and cautious sentiment

Mars Finance reports that Bitcoin fell below $76,000 and retreated after failing to break through $80,000. Uncertainty over the Strait of Hormuz restarting and the macroeconomic situation have unsettled the market. At the same time, technical and on-chain data are sending mixed signals on whether BTC can sustain this rebound.
After hitting a low below $60,000 on February 6, Bitcoin recorded a 30% recovery, but it stalled as selling pressure hit in the supply zone between $78,000 and $80,000. This range is also where the current 20-week index moving average (EMA) sits, reinforcing the importance of this resistance level.
MN Capital founder Michael van de Poppe said that the current pullback is “typical behavior” ahead of the FOMC meeting. He added: “I believe we are still in a strong market phase.”
On the support side, Bitcoin retested the $75,500 support level, which also coincides with the 20-day EMA, the 100-day EMA, and the lower boundary of an upward channel. Glassnode’s UTXO realized price distribution (URPD) shows that the direct resistance is around $78,000, where investors hold 335,650 BTC; about 298,560 BTC have an average buy price of $75,500, forming a key support level.
On the on-chain front, Glassnode shows that the Bitcoin market exhibits “a mix of bullish momentum and cautious sentiment.” Spot CVD (Cumulative Volume Delta) rose from $18.3 million to $54.8 million, increasing by nearly 200% over the past week, reflecting strong bullish sentiment among market participants. However, spot trading volume fell 13.8% from $6.95 billion a week earlier to $5.99 billion, “indicating that market activity has decreased.” Over the same period, the number of daily active addresses dropped 1.6%, showing that network participation is more sluggish.

Analysis: Market focuses on the CME Bitcoin futures gap near $82,000; gap fill or will determine whether the rebound can continue
According to Decrypt, the crypto market is highly focused on the CME Bitcoin futures gap near $82,000. Analysts believe this level will become the key technical level for judging whether this round of rebound can continue. Because CME Bitcoin futures close on Fridays and reopen on Sundays, a price jump during the closure creates a “gap,” and markets usually fill this technical level before choosing a clear direction. If Bitcoin’s price can successfully fill the gap and hold above $82,000, this upswing is more likely to evolve into a sustained repair trend; if it is resisted and falls back, it may just be a typical “bull trap.”