Looking back at the morning market, Bitcoin repeatedly attempted to push up around the 78,500 level but was unable to break through effectively each time. After facing pressure and falling back, the current price comparison has further dipped to around 76,900, with the decline becoming clearly more pronounced. From a technical structure perspective, 78,500 has been confirmed as a strong short-term resistance area. The 4-hour chart shows a bearish arrangement with highs gradually decreasing and lows continuously moving lower, and the 77,600-77,800 support zone that had been verified multiple times has been broken, which is likely to have turned into a short-term suppression level.

In terms of indicators, the MACD fast and slow lines have once again formed a dead cross downward below the zero axis, and the green momentum histogram continues to expand. The RSI is on the edge of the oversold zone, but rebound strength is weak, indicating that bearish momentum still dominates the market and there are no clear short-term signs of a stop in the selling. After the price broke the key level, there was no strong rebound, and weakness is obvious.

In terms of trading, it is recommended to keep a high-short bias based on the earlier support-to-conversion zone at 77,600-77,800, while paying attention to the 76,000-76,500 area below. After multiple attempts to rally that then fell back and a breakdown to the downside, bearish sentiment in the market still remains dominant—so align your actions with the trend.