🌰4/17 Midday Bitcoin Market Outlook

Bitcoin failed to break through the 76,000 resistance after two attempts, with the second high point rising, indicating a slightly stronger structure; if the high points gradually decline, the bullish momentum weakens. After three attempts, if it still cannot break through, the bullish momentum is likely to exhaust, and a deep pullback to gather strength before re-attempting is expected.
Pay close attention to the 74,266 neckline support: holding steady could lead to a third breakout attempt; breaking below suggests a move toward the head and shoulders neckline at 73,385 within the flag pattern, which has been tested multiple times and is weak, likely to give way. After the hourly head and shoulders pattern is confirmed, expect a continued pullback toward 72,578.
If the price remains within the range without breaking above or below, expect consolidation between 73,558 and 75,420; only if it reclaims above 74,826 can a challenge to 76,000 be considered again.

Trading Suggestions:
• Break above 74,807 with volume, go long, target 75,535-76,000
• Break below 74,285 with volume and fail to recover, go short
• Hourly chart: Hold above 74,807 to target 75,535-76,000
• 4-hour chart: Break below 74,328 to target 73,419-72,380
$BTC
#GatePreIPOs首发SpaceX #Gate13周年现场直击