Bitcoin $BTC has surpassed $80K, but this move doesn’t look very strong it feels more like a trap.



Price pushed above $80K and touched a key resistance area where a lot of liquidity was sitting. This move looks more like a quick grab of that liquidity rather than a solid breakout.

The trend is still moving upward in a channel, but price is already stretched. Usually, these areas are where big players take profits, not where new buyers should jump in.

If this were a strong breakout, we would see price continue rising smoothly not slow down at resistance like it is now.

So watch closely: if price gets rejected here, it could drop back toward the middle of the channel first, and possibly even lower.

Liquidity has been taken now the market decides the next move.
BTC2.29%
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