Today is August 23, $BTC current price 77,134.2. Based on the current candlestick structure, the big coin previously saw a period of strong consecutive rallies; the price once pushed above 79,000, and then entered high-level consolidation. In recent days, BTC’s week-over-week gain at one point exceeded 20%, with a high around $79,455, and market bullish sentiment has clearly warmed. However, after a strong run-up, short-term profit-taking has also built up quickly.
The most critical thing on the current chart isn’t whether it’s going up or down. Instead, it’s whether an effective support can continue to form around 77,700, and whether the pressure in the 79,000–80,000 range can truly break through. **At this stage, the choice to short-term short focuses on the pullback after a high-level surge, rather than directly assuming that the BTC overall trend has already reversed.**