This surge and pullback is very clear: it tried to push up toward around 79,200, but was immediately pinned down by the bears, leaving a long string of long upper wicks. This shows the sell pressure above is heavy, and the bulls simply can’t hold.

Now the price has fallen back to around 78,100 and is consolidating. This is clearly a weak retracement after the breakout ran out of steam. From the order book, both the order difference and order ratio are negative, meaning bearish sentiment is dominant. In the short term, it will likely continue to probe lower. Whether the 78,000 support can hold depends on the strength of follow-up buying.

There’s no need to rush to catch a dip here. Don’t get fooled by a small rebound. The strong resistance zone is 78,800–79,000. Until it breaks through, it will remain weak consolidation. Stay steady and wait until the direction is clear before acting—no rush, and only take profits you can understand. #BTC