Bitcoin: Must Hold $80K to Avoid Liquidation Cascade

Ki Young Ju warns BTC must defend the $80K level or trigger a long liquidation cascade toward $73K.

Price sits at $80702.49 inside the Bollinger Bands, with the upper band at $81101.4 acting as immediate resistance and the lower band at $79524.11 marking short-term support. The structure remains bearish as price trades below both EMA50 at $81095.03 and EMA200 at $81743.44, yet the MACD golden cross at -308.41 signals building bullish momentum while RSI at 51.07 stays neutral. A failure to reclaim the EMA50 confluence zone risks accelerating the cascade mechanics seen in prior leveraged unwind events over the past year.