Bitcoin holds above $80,000 with potential for further gains or sideways consolidation.

Bitcoin recently rebounded from the $80,000 level, presenting a favorable risk setup for bulls according to analyst Trader Mayne. Two scenarios are possible: Bitcoin may dip lower once more before forming a major bottom later this year, or it has already bottomed and will consolidate sideways for months before breaking out. Key support is around $74,450, the previous year's low, which Bitcoin should hold to maintain bullish control. Meanwhile, Mayne warns of stretched rallies in U.S. tech stocks and highlights volatility across crypto and equities, advising traders to stay cautious but remain long as long as markets keep making new highs.