In the early morning, Bitcoin surged to 778, was blocked at the 780 resistance level, failed to break through, and then pulled back to around 773 to range. The market’s recent highs are gradually moving lower, the rebound strength is weakening, and short-term momentum is insufficient.

780 is a strong resistance, and both of the two tests failed to hold. Selling pressure is clearly visible. If it can’t reclaim above 77500 with increased volume, the hourly chart will most likely form a short-term top. In terms of indicators, the MACD shows signs of a dead cross at high levels.

Short-term support is at 770; if there is an effective breakdown, further downside is likely toward the 765-760 range. As long as the market has not firmly broken and held above 780, the short-term approach is to prioritize selling on rebounds from higher levels.