Three times.....Three rejections.....Same level....
$BTC pushed toward $80K and got slapped down again.
Currently at $77,448 and bleeding. The triple top is officially forming.
Here's what the chart is screaming right now.
Every time price approached $80K this month, sellers stepped in hard. Glassnode data shows $80,100 is the exact level where recent buyers move back into profit. That's why rallies keep stalling there. Profit taking from anyone who bought in the last few months creates a wall.
Until that wall clears with real volume, every pump into $80K is a sell opportunity.
Sell Setup:
Sell Zone: $79,000 - $80,500 (if we bounce back)
TP1: $74,000
TP2: $72,000
TP3: $70,000
SL: $82,500 (above the resistance with room)
The structure is clear. Triple top with declining momentum. ETF inflows slowing. Strategy's massive buy absorbed but couldn't push price through. Oil ticking up. Bears quietly rebuilding positions after getting squeezed last week.
$70K is where I think this pullback finds real support. That's the pre-breakout consolidation zone and aligns with multiple moving averages. If we get there, it becomes a buy zone. Until then, selling the bounces is the cleanest play.
What would flip me bullish? A weekly close above $80,500 with volume. Not a wick. Not a fakeout. A real, sustained break with institutional flows confirming. Anything else is just retail hope.
Trade the chart not the hopium. I was right on the March $74K sell. Same playbook. Same discipline.
Selling this or catching falling knives at $77K? Drop your play....
