Bitcoin fails at $81K as analyst warns of slide to $77K–$78K
- —Bitcoin hit $81,102 and fell back, leaving an upper wick
- —About $185 million in longs entered above $81,000
- —Untested liquidity and stops sit below $79,500
- —Kaz holds 40% of his long and plans to add at $77K–$78K
Why it matters: Ahead of the Fed decision, liquidity clustered below price raises the risk of a liquidation cascade toward $77,000.
Source: Blockmedia