Bitcoin has been fluctuating narrowly around $80,000 recently. This range is becoming a key dividing line for short-term bulls and bears. Selling pressure above hasn’t been fully absorbed yet, and if there’s a pullback below, the market might search for a new support zone. On August 25, Bitcoin briefly broke above $81,000 but quickly faced resistance and retreated, continuing to consolidate near $80,000. This level is significant not just because of the psychological effect of round numbers, but also because it’s close to previous highs and a densely concentrated on-chain holding zone. Historical price comparisons show that the current structure resembles the bottoming phase of late 2022: after breaking out of a downtrend, prices first test previous highs, then experience a pullback before entering a clearer upward phase. Based on this logic, the $83,000 high formed in May remains a key resistance level that needs to be broken. On-chain UTXO realized price distribution data reveals that approximately 975,000 BTC were accumulated in the $83,307 to $84,569 range. This indicates that this area is packed with potential sell orders, and if prices continue to rise, this supply zone will need to be absorbed first. Another signal is the on-chain trader profit ratio, which is currently around 25%. Over the past year, similar levels have often been accompanied by increased profit-taking, adding short-term downward pressure. If selling pressure persists, the next key range lies between $76,996 and $78,258, with lower levels around $63,111. If prices fall to these zones, it could attract some funds to re-enter the market. On the flip side, if Bitcoin can consistently hold above $80,000 and maintain strong daily and weekly closes, the short-term trend will favor bulls continuing their momentum. On the fundamentals side, spot Bitcoin ETFs saw approximately $2 billion in net inflows last week, marking the strongest weekly performance in nearly 10 months. This inflow has provided support for recent price action, while the upcoming U.S. vote on the CLARITY Act in September could be the next event to drive market volatility.