Thursday morning BTC outlook—overall still maintains a high-level pressure structure; prioritize staying bearish.

After the overnight market pushed up, it failed to form effective follow-through. It dipped to around 77,500, and the sentiment of chasing longs at higher levels began to cool down. Judging from the order book, selling pressure in this zone is heavier; the main players are more inclined to distribute positions at high levels rather than continue pushing prices higher.

On the 4-hour timeframe, a short-term choice of direction is approaching. Once support is lost, the pullback room will be amplified. In terms of indicators, they are gradually weakening, and volume has not effectively followed through. During the daytime, the most likely scenario is range-bound movement; currently the price is around the 78,000 area.

Watch the resistance near 80,000; as long as it isn’t broken, the high-bearish outlook remains. If the current price rebounds again to the 78,500–79,500 range, you can consider opening short positions in batches, with defense placed above 80,300.

For the downside, first look for support around 77,500. If it effectively breaks down, further attention turns to the 76,500 area—the downside space is still considerable.

Overall, in terms of pacing: hold the trading range—if price doesn’t break above at higher levels, stay short; if support doesn’t break, consider flipping to long.
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