Bitcoin has rebounded toward $83,300 after testing the demand zone between $80,000 and $81,500, but the price remains below the broken ascending trendline. The key resistance to reclaim stands at $85,000-$86,700, beyond which the broader $86,500-$90,500 supply zone would come back into focus. A decisive break below $80,000 would expose the next major demand area at $75,000-$78,000. Big-whale spot activity, measured by average order size, remains elevated around $82,000-$87,000, which could introduce meaningful selling pressure if these large orders represent distribution. The bullish crossover of the 100-day and 200-day moving averages, currently around $73,300 and $72,200 respectively, remains confirmed but offers limited protection against another near-term decline.
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