Structural analysis (1H + 4H)
4-hour level

Current price 77235 is at a stage high zone (76000–78000)
Entered high-level oscillation zone after continuous rises
There is significant psychological pressure near 78000 above
Structural essence:
High-level consolidation after an upward trend → Likely to see pullback corrections
1-hour level

High surge followed by a pullback + sideways stagnation
Highs have not sustained new highs, momentum weakening
Moving averages are starting to flatten, showing signs of weakness
Essence:
Upward momentum weakening → Short-term pullback probability increasing
Bearish logic (core basis)
Significant short-term gains → Momentum overdrawn
Stagnation at high levels + upper shadow