$BTC is sitting at the top of a broadening wedge, and that rally looks tired up here.


Price keeps pressing into the $80K area, but the tops are getting wicky and the upper boundary has been a hard ceiling. Bulls got the impulsive channel earlier in the year, but that cleaner structure is gone now. This is more of a choppy distribution zone than a clean trend.
I’m watching how price behaves around this resistance. If BTC can’t hold above the upper edge and keeps rejecting $80.5K to $81.5K, late longs stay exposed and the move lower toward the wedge base stays in play. A daily close back above $82K would weaken the bearish read fast and break the wedge logic.

#GateSquareMayTradingShare
BTC-0.15%
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