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BTC $80K Check-Back Risk Rises as Nasdaq Rebound Stalls

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BTC
$89,437.700.8%
BTC price faces check-back risk near $80,000 as Nasdaq’s stalled rebound raises concerns. A bearish trend is forming as Bitcoin fails to hold above $94,000, with a bearish candle signaling weakening momentum. The Nasdaq’s bearish engulfing pattern and bearish MACD on the weekly chart hint at possible downside. The MOVE index shows an inverted hammer, pointing to rising U.S. Treasury volatility. Key levels to watch: $94,000–$95,000 for a breakout and $80,000 for a breakdown.
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