BTC Analysis: Approaching the Resistance Wall

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BTC Analysis: Approaching the Resistance WallBTCUSDTPERP PERPETUAL MIX CONTRACTBITGET:BTCUSDT.Ppersis10tBTC is showing strong recovery momentum but is now knocking on the door of a major supply zone. The daily chart reveals a clear structure as we head into a high-impact economic week. Resistance ($79k – $81k): Price is currently testing the red horizontal resistance. This level is a major psychological and technical barrier. A daily close above $81,000 would signal a macro breakout. Support Levels: $72,400: Initial safety net for a healthy pullback. $69,730: Second pullback zone. $66,800: The "line in the sand." If this breaks, the bullish structure is invalidated. Surprisingly, funding has turned negative (-1.8%) over the last week. Historically, negative funding during a price rise is a bullish signal, suggesting a "short squeeze" could fuel the next leg up. Also, ETF inflows remain steady, with BlackRock’s IBIT reaching record holdings this month. Expect volatility this week with the Fed Interest Rate decision and Powell’s speech on April 29.