The chart indicates:

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• A sharp rejection from the $78,200 resistance zone

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• Continuous lower highs and lower lows

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• Increased volatility during the recent drop

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• Buyers attempting to defend the $77,100 support level

If BTC breaks below $77,100, the market could move toward lower support areas. However, if buyers regain strength and push the price back above $77,500, a short-term recovery may begin.

The order book appears balanced, with buyers slightly stronger than sellers, but overall momentum still favors caution in the short term.

Trader Sentiment

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• Short-term trend: Bearish

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• Market volatility: High

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• Key resistance: $78,200

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• Key support: $77,100

Traders should wait for confirmation before entering large positions and use proper risk management during high volatility conditions.