$BTC Why is it weaker today but hasn't turned bearish yet,

The latest crypto fear and greed index is about 33, still in a neutral to cautious zone.
From the hourly chart rhythm, the long bearish candle at 23:00 last night directly broke the structure, with a low of 76,570.58, and although there was a rebound to 77,385.95 in the early trading today, it fell back again after 09:00, closing at 76,890 at 10:00.
This indicates that the market has not formed a continuous buying rally; the rebound is more of a "technical correction," not a trend reversal.

More importantly, the 77,300 - 77,500 zone has been repeatedly tested as a short-term selling pressure area;
while around 76,500 is the current most direct support line.
As long as the price remains between these two levels, BTC is still in a corrective consolidation phase after the pullback, not in a one-sided decline.

The first support is around 76,500, which has been repeatedly validated today as a short-term key level.
If this level is broken, the next more realistic observation zone is 76,200 - 76,000,
and further down, it depends on whether the 75,700 area can provide stronger support.

The first resistance is at 77,300 - 77,500, corresponding to the rebound and subsequent fall back today, representing the selling pressure zone.
If BTC can re-establish and hold above 77,500, the short-term structure will be truly repaired;
furthermore, 77,800 - 78,000 is a stronger confirmation resistance zone.
There is also a medium-term squeeze level: market news shows short-squeeze pressure is concentrated around $80,929,
and once the price is pushed up there, short covering will amplify the upward momentum.