After the overnight CPI boost was priced in, Bitcoin saw a typical “buy the expectation, sell the fact” move, surging one-way from around 76000 to near 79800. However, it came under clear pressure before the round-number 80000 level, failed to form an effective breakout, and quickly pulled back, dipping as low as around 76800 before currently consolidating weakly around 77100. The pullback after the surge left a relatively long upper shadow, indicating heavy selling pressure above and a clear exhaustion of short-term bullish momentum.

Structurally, this pullback has broken below some of the support in the previous 76000—77000 range, with the low falling to 76800. Bears have regained the initiative after the positive catalyst was priced in. If the price cannot quickly reclaim 77500—78000 during the day, the weak pattern will likely continue. The current area around 77100 represents a weak continuation zone; if the rebound lacks strength, another test of 76800 is likely, followed by further attention to 76000 and even the 75500—75000 area if that level breaks.

Today is the weekend, and market liquidity is clearly insufficient, with thin order books. Prices can easily be driven by a small amount of capital, amplifying volatility while weakening directional persistence, and rebounds are more likely to be exploited by bears. The bias is bearish operationally. If the price rebounds to around 77500—78000 and shows signs of stalling, bearish opportunities may be considered. Pay close attention to whether 76800 holds; a high-volume break below it would significantly increase the probability of a decline toward 76000 and even lower levels. #CoinDesk披露GateRWA永续合约全球Top3 $BTC