BTC exhibits a classic bullish pennant consolidation after breaking out to ~28K resistance. The 1H decline from $78,728 to $78,050 occurred on steadily decreasing volume (-35% vs 1H average), signaling distribution exhaustion at support. As long positions accumulate near $78,050-$78,150, short-term liquidity is being absorbed. I expect a retest of the $78,700-$79,200 zone as sellers dry up and momentum shifts upward. Invalidation occurs if a 4H candle closes below $77,900 with expanding volume.