Bitcoin’s floor looks firmer at $80,000, but traders still don’t trust the breakout
BTC has recovered from Friday’s jobs-driven dip, but Enflux says overhead resistance remains intact while Glassnode’s market structure data suggests traders are buying the rally while still positioning for downside.
Bitcoin may experience short-term volatility as traders remain cautious despite the recovery. Prices could test the $80,000 support level before facing potential resistance.
BTC has recovered from Friday’s jobs-driven dip, but Enflux says overhead resistance remains intact while Glassnode’s market structure data suggests traders are buying the rally while still positioning for downside.
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