Bitcoin BTC, after a week of gains, is just one step away from 80,000 (8W). Then, over the weekend, multiple attempts to break through during the pullback failed, and prices retreated. Yesterday morning, the short setup on the two main coins (“selling/shorting”) was executed again, and the overall decline played out in a steady downward move, precisely hitting the target.

The current market is in a consolidation period ahead of a directional break. Although the moving averages are above the 20-day and 50-day lines, the short-term trend is still favorable. However, the MACD indicator is negative, suggesting the upside momentum has weakened and there is potential bearish pressure. In the short term, pay attention to going short around 77,800–78,500, and consider buying around 76,000–75,000.