Bitcoin enters the afternoon with the chart leaning cautious, not capitulative. BTC trades near $77,670 after falling 2.08% in 24 hours, while price remains below the 1H EMA20 at $77,948 and EMA50 at $78,521. RSI14 at 38.9 confirms weak momentum without signaling an extreme oversold reading. MACD is still negative, although its improving histogram hints that selling pressure is easing. My 4-hour base case is sideways-to-bearish action, with $76,888 as the key nearby support and $78,500 as the first recovery test. A sustained 1H close above that recovery zone would improve the setup; a decisive break below support would keep downside risk active. This is market analysis, not financial advice.