Rushed to 82.8k then pulled back, does the 80k support determine the next direction?

BTC has broken through repeatedly in the short term due to news stimuli, reaching a high of around 82.8k. This is exactly where many short positions are stopped out, and most short-term shorts have been wiped out.
From the liquidation chart, the chips above have been cleared after a slight acceleration. Although there was originally an ascending wedge pattern, driven by news and short-term exit, the price didn't fall as expected. Instead, after consolidating into a triangle and reaching new highs, it then fell back with a long upper shadow.

This wave of decline was clearly influenced by news; yesterday's performance of the US and Iran caused the price to spike and then quickly drop. The most critical factor in the short term is whether the 48-hour agreement can be finalized tonight. If a ceasefire is reached, it could at least trigger a rebound in the price.

From a technical perspective, the current price has returned near the triangle's low point. The 80k-80,500 range is an important support. My personal view is: if this holds, it’s very likely to test higher highs again in the short term, focusing on around 82,000 (the 0.618 Fibonacci resistance level). If clear signs of a top appear there, I will consider re-entering short positions; if 80,000 is broken, then look directly toward around 78k (the starting point of the wedge).

The specific movement still depends on tonight’s news and the evolution of the pattern. For real-time updates and detailed entry plans, remember to follow Qingyao!