$BTC is currently around $79,600, testing the 80k level again this morning like it’s been doing for the past couple weeks.

Interestingly, every time price gets here, funding rates go negative. Traders have been aggressively shorting this level, expecting a rejection, which means that if (when) it breaks out, it probably won't be slow.
Macro wise, Powell will be out May 15 and Kevin Warsh is likely stepping in for June. He's more hawkish from what people say, so yeah there’s still that uncertainty in the background.
That said, $BTC has defended the $75k area solidly twice already this month and bounced both times, so rn we're stuck in a $75k–$80k range.
A proper weekly close above $80k would be a meaningful technical breakout and could open things up for alts.
My bag is loaded already so there's nothing much for me to do atm.
What's your bias?