Glassnode: Bitcoin faces critical decision of $81000 after being rejected near $86,500

Bitcoin encountered selling pressure around US$86,500. Glassnode pointed out that the key decision range

Bitcoin once rebounded above the US$85,000 mark, but encountered a new round of selling as it approached US$86,500, which hindered its upward momentum. Blockchain data analysis company Glassnode reported that large-scale sell order blocks have been formed in the US$86,500 to US$86,750 range, while large spot orders on Binance have shifted to the US$81,000 to US$81,250 range.

Prices are subject to a gap between resistance and demand

This market pattern places Bitcoin's price movement clearly between the clear resistance level above and the newly formed strong demand area below. If it remains firmly above US$81,119, it will help maintain the current recovery structure; however, if it falls below this level, Bitcoin may face the risk of further decline.

Recent analysis by Glassnode shows that after breaking through $85,000, Bitcoin was rejected at $86,500 and quickly fell back to areas where buyers placed a large number of pending orders. The company pointed out that "the largest buying block is currently located at US$81,000-US$81,250" and that if the decline continues, this area will become the focus. At the same time, analysts identified a significant clearing cluster between $81,700 and $83,300, which would increase volatility risk if prices continued to decline.

Glassnode的报告强调，81,000美元区域作为现货市场流动性的主要集中地，为买卖双方构成了技术和心理上的关键防线，尤其是在市场适应近期阻力位之后。尽管订单簿的流动性并不能保证买单一定会被执行——随着市场条件的变化，大单可能会被移除或吸收——但该区域仍为监测比特币短期走势的交易者提供了关键的参考坐标。

关键技术点位解析

81,119美元这一点位具有更深层次的意义，它与TradingView分析师Kazim Karabacak指出的斐波那契回撤位相吻合。根据该分析，只要日线收盘价保持在81,119美元之上，目前的复苏趋势在技术上就是有效的。

这一81,119美元的价位是基于比特币2023年3月的低点与其近期周期高点之间绘制的斐波那契回撤线得出的。比特币最初收复了0.382的回撤位，随后突破了位于81,119美元的0.236回撤位。该点位不仅仅是一个短期的订单簿标记，更被视为判断下一次重大行情方向的技术转折点。

日线收盘高于81,119美元意味着复苏情景依然存在。分析师警告称，如果比特币跌破这一水平，下行风险可能会增加，价格或许会向更低的重回撤位（如61,776美元）滑落，但目前尚无确凿证据表明会出现此类走势。

交易动能从美国时段转移

Another noteworthy change is the shift in the source of Bitcoin's momentum. Glassnode observed that from July to September, the U.S. trading session contributed most of Bitcoin's gains, especially as it broke through $85,000. However, this trend has reversed. Glassnode reported that the U.S. session has now become a net selling force, with the increase mainly coming from non-U.S. market trading hours. This shift is attributed to the decline in the contribution of the U.S. spot market after the recent price breakthrough.

The overlap between U.S. trading hours and spot Bitcoin ETF activity highlights the importance of returning positive momentum in the U.S. session in the coming weeks to confirm renewed buying interest. Currently, the rebound occurs during lighter trading hours. In the past seven days, the average volume of ETFs between spot exchanges and the United States has been about $6.8 billion, lower than levels earlier this year.

Potential double bottom pattern points to the US$100,000 target

Within a larger time frame, TradingView analyst Vince Prince identified a possible double bottom pattern on the Bitcoin weekly chart, with prices stabilizing above the 50-week and 100-week exponential moving averages and maintaining the uptrend line. The bullish RSI divergence further strengthens this structure. If this classic reversal pattern is completed and key support levels are respected, a target price of more than $100,000 could occur under technical scenarios. However, these forecasts remain speculative until Bitcoin confirms a breakthrough and maintains its recovery above resistance levels.

Technical analysts also pay close attention to price behavior within the shrinking trading range, waiting for clearer confirmation of direction. Similar keen market observations exist in other fast-moving sectors, particularly the Meme Token market. In this area, trends originating in the Internet can generate millions of dollars in transaction volume in a matter of days.

Data provided by the Fomo App shows that in a high-profile transaction, the memin "Niu Lai" converted a $99 investment into approximately $370,000, demonstrating the scale and speed of the field. Market participants not only monitor price charts, but also pay close attention to the timing and token selection of major investors. With tools such as social dynamics, investor rankings and transaction alerts, the Fomo App enables the discovery and centralization of memin, enabling closer tracking of emerging activity in the space.

Decision Range for Bitcoin Price

In the short term, traders pay close attention to two key levels: US$81,119 as support and US$86,500 -86,750 as resistance. Holding the lower edge will preserve the possibility of a Fibonacci recovery and keep the situation open for a double bottom pattern. A rebound above $86,500 may indicate that sellers are being absorbed and trigger new upward momentum.

Glassnode further pointed out that there is a huge clearing cluster above the market, between $87,100 and $95,900, with a large concentration around $92,000. If Bitcoin breaks through current resistance levels, these areas may play a role in the next round of price discovery.

Currently, Bitcoin is in what analysts call a "decision range." The US$81,000 -81,119 area combines technical support and strong spot purchases, making it a key node for testing the resilience of recent recovery. The final outcome may depend on whether buyers can defend the area and whether U.S. deals can restore some of their early support for price increases.