Bitcoin Price Slumps as Traders Weigh Short-Term Weakness vs. Long-Term Breakout

Bitcoin's recent rally has stalled around $80,000-$81,000, leading to a sharp divide among traders about short-term prospects and long-term structure.

A four-hour chart shows increased risk of a drop toward $74,000, but a separate macro setup argues that holding the broader breakout zone could restart Bitcoin's expansion toward six figures.

The four-hour structure has weakened after price formed a lower high beneath a descending trendline, putting immediate support around $77,000 under pressure.

Market data supports the importance of the immediate range, with Bitcoin trading near $77,580 during Asian trading Monday, and roughly $77,000 identified as immediate support and $79,400-$80,800 as key resistance.