#BTC Wednesday, April 15th, Bitcoin Evening Strategy 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 has formed inside the triangle, with the neckline at 74,789 as the current key resistance. Only if the price breaks through this level effectively can the W bottom pattern be confirmed, which would then have the potential for a rebound, further challenging the 76,000 level.

If the market cannot hold above the neckline at 74,789, it is likely to continue its correction. Once it falls below the support at 73,775 again, the next support levels are 72,566. Before a decisive breakout of the key levels for 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 toward a bullish outlook; the current upward trend has not ended, and there are no signs of further weakness in the market.

April 15 Evening Trading Strategy
- A volume breakout above 74,147 can be followed with long positions on the right side.
- A volume breakdown below 73,739 with a failed rebound can be followed with short positions on the right side.
- Hourly chart: If above 74,147, target 75,563-76,780; if unable to hold, upward space is limited.
- 4-hour chart: If below 73,714, watch for support at 72,599-71,520.