$BTCneeds to hold this $80K level and bounce. If it doesn't, we'll likely see a move down toward $74K in the near term.

To be honest, that sweep of $74K is coming eventually. The real question is whether we get another rally first forming a lower high to relieve some of the selling pressure before the drop.

Today's Multi-RSI is at its lowest level since March 2025, which means there's still room to fall before we return to more neutral readings.

It's not a friendly chart for bulls at the moment, though this pullback isn't entirely surprising after several failed breakouts and sustained holds above $88K. #BTC