Bitcoin’s floor is looking firmer at $80,000 after recovering from a jobs-driven dip on Friday, but overhead resistance remains intact, according to market data from Enflux and Glassnode. Traders are buying the rally while still hedging for downside, suggesting a market that's confident in the bottom but not yet ready to call a breakout.
Friday’s selloff and the bounce
BTC stumbled Friday after a weaker-than-expected jobs report rattled risk assets. The dip pushed prices toward the $80,000 mark — a level that’s held multiple times this month. By Monday, the recovery was underway, with the asset climbing back above that threshold. The speed of the bounce is notable: the floor appears to be hardening around $80K, at least for now.
The resistance that won’t budge
But the ceiling is equally stubborn. Enflux data shows overhead resistance at levels above the current range remains intact. Every attempt to push higher has met sellers, capping the upside. The result is a market stuck between a firm floor and a hard top — a consolidation pattern that’s been grinding for weeks.
What traders are doing
Glassnode’s market structure data paints a split picture. On one side, traders are buying the rally, adding to long positions as price recovers. On the other, they’re still positioning for downside — buying put options or hedging with futures. That’s not contradictory; it’s a market hedging its bets. The message: no one’s convinced the next move is straight up, but few are willing to short into a solid $80K bid.
The next test comes later this week when the Federal Reserve releases minutes from its last meeting. If the tone is dovish, BTC may try to test the resistance zone. If not, expect more range-bound churn. Either way, $80,000 is the line in the sand.
