Bitcoin has been ranging around 78000 today, with not much volatility in the market. Both the hourly and four-hour timeframes are showing signs of weakness, and I expect the price to retrace to 76000 this evening. In the short term, as long as Bitcoin doesn't break below 76000, we can look for a short-long play around that area. However, my overall perspective on the larger timeframe leans towards a downtrend. A bounce back to the Bollinger mid-band at 80000 or the upper band at 82000 would present excellent shorting opportunities.