#BTC

*Bitcoin Drops to $80,417 After Rejection at $81,000 Supply Zone*

Bitcoin/BTCUSD is trading at $80,417.52 on the 5-minute chart as of 14:01 UTC+5:30, down 0.12% on the session after sellers defended the $81,011-$81,057 resistance area.

Price attempted to break higher earlier but was rejected at $80,826, marked by the red box on the chart. The failure to hold above $80,700 triggered a drop into the teal target zone, with BTC now testing $80,417. The move extends the pullback from the session high near $81,519.

*Key Levels to Watch*

- *Resistance*: $80,826-$81,011 is immediate resistance. The stronger supply zone sits at $81,011-$81,057, where buyers have failed multiple times today.

- *Support*: $80,417 is the current low and marked "Risk free" on the chart. A break below opens the path toward $79,804, the next downside target in the teal box.

*Outlook*

The short-term structure remains bearish with lower highs and lower lows forming on the chart. Sellers are in control while price stays below $80,700. A bounce toward $80,700-$80,826 would likely see renewed selling pressure.

Only a daily close above $81,011 would shift the bias back to neutral. For now, the path of least resistance is lower, with $79,804 as the next key level to watch.