Bitcoin briefly broke through $73,000 but is currently consolidating within a range. Analyst Trader Mayne considers $70,000 to be a key price level. If this level holds, Bitcoin could potentially surge toward $80,000, but if it breaks below, it could trigger further declines. Due to unclear risk-reward dynamics, Mayne is avoiding long positions on Bitcoin and is shorting the S&P 500 index. He points out that both credit markets and employment data present macroeconomic risks, reminiscent of the pre-crisis downturn period.

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