Market Snapshot: BTC is down 0.56% intraday, currently trading at $78,255, capped near $79,760, with the bottom touching $77,770.

Technical Analysis: Multiple timeframes are under bearish pressure. The 1-hour and 4-hour MACD have a synchronized dead cross; the DIF has fallen below the zero line, indicating insufficient short-term momentum. The 4-hour Bollinger Bands are opening downward, the midline is sloping down, and the bearish alignment is clear. Worth noting is that although the daily MACD has a dead cross at a high level, the DIF is still within the positive range, meaning the broader trend has not fully reversed. RSI is hovering in the 35–42 range—not in extreme oversold territory—so further downside remains possible. Current support is at 75,545, with resistance at 82,300.

Liquidity situation: The funding rate is 0.0033%. It is neutral to slightly low, and long sentiment has not fully faded. However, the large holders’ long/short ratio is as high as 2.19, meaning the long positions are overly crowded—this is the sword of Damocles hanging overhead. While there is some buying strength in the active market, buy volume is at a low level and does not provide enough support to reverse the trend. If the rebound lacks momentum, a renewed “more selling leads to more liquidation” scenario is likely to appear.

What to watch today: The Fear and Greed Index is 69, and the market is still stuck in the greed zone. If the price rebounds to the 79,000–79,500 area, sell pressure will surge sharply. In the short term, it is not advisable to catch the bottom, nor should you blindly chase shorts. Proceed with caution and wait, focusing on staying alert until the direction becomes clear.

Do you think BTC can hold the 77,000 level today? Is it still the bottom area, or halfway up the mountain? Let’s discuss in the comments—updated every day at 8:00. Follow for more, no getting lost. #BTC #比特币 #FuturesLiquidationExplosion