$BTC 【Evening Market Analysis】Key bullish and bearish levels have emerged; now we wait for the direction to be chosen

The Bitcoin (BTC) evening session saw a “false breakdown” correction unfold: after inserting a downward wick to test the 73775 support, it quickly rebounded and once again returned to trading within the triangle consolidation range 📈. At the pattern level, the signals are clear: the yellow-box area has formed a bullish engulfing pattern, and a W-bottom structure is being built inside the triangle at the same time. The current key resistance is locked at the W-bottom neckline—around 74789.
Core trend projection
✅ Bullish path: A valid breakout above 74789 neckline → the W-bottom pattern is officially established → rebound targets directly at the 76000 level, opening up upside space
❌ Bearish path: Unable to break through 74789 resistance → breaks below 73775 support again → the lower target looks to the 72566 support level
⚖️ Sideways path: Repeated back-and-forth within the 74789-73775 range → after the sideways digestion, a direction breakout is chosen again
My firm bullish logic: The market is currently in the emotional bottom-range, “there is no worse time than right now.” In the short term, more false breakdowns are likely just the main players’ position-shaking moves; the bullish trend has not been fundamentally destroyed. After that, I still look for the uptrend to continue with further upside breakouts.
Real-time trading strategy
📊 Right-side trading signals:
• Breakout with volume above 74147 → go long on the right side; targets 75563-76780. Holding above 74147 is the prerequisite for a rebound
• Breakdown with volume below 73739 → if the rebound cannot be recovered back, go short on the right side; targets below 72599-71520
⚠️ All trades must be accompanied by stop-loss orders—strictly control risk
Cycle-level interpretation
🔹 4-hour level: The Fibonacci 78.6 position has not been broken downward—so bulls don’t need to panic too much! This level is the short-term lifeline for bulls. As long as it hasn’t been broken, the overall trend remains relatively strong. Only with a valid breakdown below 78.6 will it further test the 61.8 and 50 support positions. To completely reverse the 4-hour bullish trend, a break below the Fibonacci 50 level is needed; then the bullish trend will shift into a weak zone, and the yellow-box bullish pattern will fail at the same time.
🔹 Key risk warning: The first test of the previous high at 76000 on the 4-hour level has been declared a failure! Focus on how the second push performs:
• Break through and hold above 76000 → the upside space on the 4-hour level is fully opened
• Second push fails → a deep pullback market is officially starting; closely track changes in price action
Class, follow the rhythm closely—focus on the strength of the 74789 breakout and the second test signal at 76000. Go with the trend and aim for steady profits!