🍊4/27 Midday Bitcoin Outlook

After three consecutive days of sideways consolidation, Bitcoin finally experienced a strong rally, officially ending the long-term narrow-range correction phase.
Once the market broke through the triangle consolidation pattern, a clear bullish signal was given. During this period, there were four retests of the support lows, all of which were good opportunities for buying the dip. Missing these entry points was mainly due to an inadequate understanding of the market structure.
Subsequently, the market strongly broke through the key neckline resistance at 78,561, successfully reaching a new stage high. Whether the breakout was a one-time surge or a secondary test, the overall bullish trend has been established.
The hourly arc bottom pattern has completed, with the 1:1 proportional upward target of 79,443 points precisely reached. The next key level to watch is the 78,561 neckline.
Support levels' strength determines the subsequent trend: holding support maintains the oscillating upward momentum; if it breaks effectively, the price could reach the 77,561 zone below. Currently, U.S. stocks have not opened, and the market lacks external market cooperation, so caution is advised in trading. Follow the trend flexibly and position accordingly.

Trading Suggestions:
Bitcoin breaks above 79,251 with volume and stabilizes, go long on the right side, strictly set stop-loss and risk controls;

If volume increases and it breaks below 78,561, with a weak rebound unable to recover this key level, consider shorting on the right side;

Hourly trend: If it stabilizes above 79,251, the bullish trend continues, with targets at 80,677–82,189; if it cannot hold this level, the bullish momentum may not sustain;

Four-hour level: If it breaks below the key support at 78,351, the trend weakens, with a downward target in the 77,365–76,083 zone. $BTC