$BTC stocks out! Structure first—4H and daily lines both press downward. Price breaks below the 15-minute dual moving averages 78879/78814; in the past 24 hours, it’s -2.2%. The rebound has already exhausted. In the spot order book, the sell wall is 2.4 units versus the buy wall at 0.22 units; the buy/sell ratio is 0.09. In the futures four-quadrant view, bear_capitulation is still hanging—around 79000, there’s a whole field of short distribution; once price spikes up, someone sells it down. Short at 79000. First target 75588; if support breaks, look at 64131. Stop-loss 82500 (4.4% above the 7-day high 81270).