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Bitcoin is moving below $80k, and it seems like the market sentiment is starting to change. Recently, as the price has shown weakness over the past few days, traders are seen closing their positions or delaying new entries.
It appears that profit-taking is occurring as the psychological resistance level of $80k is not being broken, and the market is shifting into a more cautious mode. It seems like volatility will be high for the time being, so it's a good time to manage risks carefully.