#BTC 4.15 Wednesday Night Bitcoin Outlook and Analysis

Bitcoin experienced a slight spike in the evening, and after a false break below the support level of 73,775, it re-entered the triangle range. At the same time, a W bottom pattern was formed inside the triangle, with the neckline at 74,789 as the current key resistance. Only when the price effectively breaks through this level can the W bottom pattern be confirmed, and subsequent rebound momentum can be established to further challenge the 76,000 level.

If the market cannot hold above the 74,789 neckline, it is likely to continue its correction trend. Once it falls below the support of 73,775 again, it will test the 72,566 level below. Before a key breakout of the bulls and bears, the price is likely to fluctuate within the 73,775-74,789 range, accumulating strength before choosing a direction. Personally, I still lean towards a bullish outlook; the current upward trend has not ended, and there are no further signs of weakness in the market.

4.15 Evening Trading Strategy
- Breakout volume above 74,147 suggests a long entry on the right side
- Break below 73,739 with a failed rebound indicates a short entry on the right side
- Hourly level: Hold above 74,147, target 75,563-76,780; if unable to hold, upward space is limited.
- 4-hour level: Break below 73,714, with support at 72,599-71,520.