BTC: Market Makers Build Shorts at $80k Resistance

BTC printed another high-volume green candle into the $80k resistance yesterday, marking the fourth such rejection in three weeks and signaling market makers likely building short positions rather than genuine buying.

Price sits at $77392.34 below the EMA50 at $78136.97 while the EMA200 at $74210.88 offers deeper support; with the RSI at 43.18 remaining neutral and MACD showing a bullish golden cross at -372.44, the asset trades inside the Bollinger Bands where the upper band at $78605.22 caps immediate upside and the lower band at $76443.12 marks the next volatility target, suggesting a healthy pullback to the 50-EMA before any continuation attempt.