Bitcoin is trading around $80,500 after a rebound failed to clear a resistance zone, leaving the short-term structure bearish. On the daily chart, rejection from the $84,000–$85,000 area pulled the price back toward the ascending channel midpoint at $79,500–$80,000. A sustained recovery above that zone could target $82,500–$84,000, while sustained trading below $79,000–$80,000 could open the way for a deeper correction toward $75,000–$78,000. Binance’s liquidation heatmap shows significant concentrations at $78,500–$79,000 and then $77,000–$78,000, increasing the risk of a liquidation cascade if Bitcoin loses $80,000 and then $79,200.
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