$BTC The structure is bearish. The price has continued to retreat from a high near 78854 to around 77000, and the rebound has been weak. Sellers have clearly dominated over the past several periods, while funds have continued to flow out on both the 1-hour and daily charts. Net aggressive selling over the past 24 hours has been approximately 5,900 coins. The upper Bollinger Band around 77264 is the main resistance; a rebound to that level would encounter pressure. The current rebound is too weak to reach the ideal limit-order entry, so entering a short at market now is more practical, with 77000 as a reference entry price. Place the stop-loss above the upper Bollinger Band at 77341. If the price holds above that level, the rebound has exceeded expectations and the bearish structure is invalidated; exit and accept the loss. The target is 76340, the first meaningful structural support below. The risk-reward ratio is about 1.9, sufficient to compensate for the stop-loss risk. The main risks are a short-term buying surge that breaks through resistance and triggers the stop-loss, or the price failing to break down and continuing to fluctuate within the range. #BTC #BTC Price Analysis