#BTC Friday, April 24th, Bitcoin Market Outlook

Currently, Bitcoin remains within the range of 78,575—77,403, with the hourly low points continuously rising, and no new high has been broken yet. As long as the pullback does not effectively break below the lower boundary of the range at 77,483, the downward space will not further expand.

Compared to the previous two downward probes: the first drop directly touched around 76,500, and the second retracement only reached 76,900, with the lows gradually moving higher. The bearish selling momentum continues to weaken. Consecutive hammer bottom candles indicate strong support below, with bearish force hindered, and bullish support remains solid. There is no current intention for a further correction in the short term.

At this stage, the market is in a phase of direction selection. The oscillation will not last long, and both bulls and bears have opportunities for battle. Wait for the range to break out and establish a clear trend before entering positions, which will significantly improve trading success rates.

The key short-term resistance level is 78,575. A confirmed breakout and stabilization above this level will allow a bullish push toward the previous high at 79,444.

The critical support level is 76,500. As long as the extreme pullback does not break below this point, the overall market will remain in a controllable oscillation pattern. Once it is broken effectively, a new round of sustained decline will begin.

Trading suggestions:
✅ Hourly breakout with volume above 77,997, follow the trend to go long, targeting 78,575—79,444. If unable to hold above this resistance, bullish continuation is unlikely.
✅ Key support at 77,437 with volume, if broken with volume and unable to rebound, follow the trend to go short.
• Hourly chart: Hold above 77,997 to target the upper range resistance; if pressure is encountered, expect continued range oscillation.
• 4-hour chart: If effectively broken below 77,553, look for a decline toward 76,533—74,979 range.