BTC: $80K Sell Wall Tests Rally Extension

BTC faces a massive sell wall at $80K after its recent surge, with a break higher likely to trigger short covering and extend the advance according to the pinned 1W chart from @CryptoKing4Ever.

Price action at $76826.95 sits inside Bollinger Bands with upper resistance at $79528.42; the overbought RSI(14) of 90.3 combined with the MACD golden cross at 3247.08 points to exhaustion, making a retracement toward the EMA50 support at $67855.06 probable before any continuation higher.