Bitcoin's sharp run-up is losing steam right below $80,000, which is short-term bad news for traders chasing the rally but still fine for long-term holders.

• The pump was driven by short sellers getting forced out, and that fuel is now mostly burned.
• Bitcoin stalled just under $80,000, an area with heavy selling pressure and the level that would flip longer-term signals bullish.
• Momentum gauges are deeply overbought across most timeframes, pointing to a pause or small pullback rather than a crash.
• ETF buying helped push prices up, but those funds are shut over the weekend, so there's no fresh money coming in.
• XRP just made its biggest jump of the whole bear market and is close to confirming a signal that would undo the pattern that started the downturn.

Outlook: Expect a few days of cooling off or sideways chop, with the bigger trend over coming weeks and months still pointed higher.

## Bitcoin Levels

• **Bias:** Bullish over weeks to months, cautious/neutral for the next few days
• **Buy / accumulate:** Long-term accumulation zone from the $58,000 lows; dips during the cool-off
• **Support:** $73,000-$75,000 (former resistance now support)
• **Resistance:** $80,000-$82,000 major; brief high just above $79,000
• **Targets:** Confirmed breakout above $80,000 flips the weekly trend indicator green
• **Invalidation:** Failure to hold above $73,000-$75,000 breaks the breakout structure

Related: Ethereum needs a close above $2,400 to target $2,750-$2,800, invalidated below $2,200-$2,300; Solana stuck at $95-$105; Chainlink capped at $12 with $14.10-$14.30 next if it clears.