Bitcoin holds above $80,000 but traders remain cautious amid mixed signals and upcoming inflation data.

Bitcoin has recovered above $80,000 after a dip triggered by a strong jobs report, but its rebound is seen more as a test of resistance than a clear breakout. Market data shows increased buying activity, especially in leveraged futures, but also rising caution with traders hedging their positions. Structural support from ETF demand and low exchange reserves strengthens Bitcoin's floor, yet momentum and leverage trends suggest uncertainty. The next significant move likely depends on upcoming inflation data and broader market sentiment.