#FirstTradeOfTheWeek

Bitcoin Market Update (BTC) | April 23, 2026

The market shows strong resistance at a psychological level of $78,000. After touching and rejecting yesterday, Bitcoin is currently retreating around $77,251.
This "candle" above $78k indicates that the bulls have the strength to push the price higher, but selling pressure at that level is significant.

We are seeing a classic accumulation phase. As long as Bitcoin holds the support level at $76,500, the structure remains bullish for another attempt at $78,000.

However, if we lose $76,000, we may see a deeper test of the $74,500 zone before any further rise.

🚀 Bitcoin Technical Summary | April 2026
💰 Current Price: $77,251
📉 Recent Movement: Rejection at $78,000

🟢 Bullish Scenario: Breakout
Market context: * Large-scale accumulation under resistance.
Positive funding rates and spot buying interest.
Expected movement:
$77,251 → $78,000 $78k Breakout( → $79,500 → $81,200
Main support: $76,500
Trigger: A 4-hour candle close above $78,200.

🔴 Bearish Scenario: Deep Test
Market context:
Fatigue at the local top.
Bitcoin dominance pulling back as liquidity moves to alternative coins.
Expected movement:
$77,251 → $76,400 → $75,200 → $74,000
Main resistance: $78,000
Trigger: Breakdown below $76,000.

⚖️ Range Scenario )Current Phase(
Expected Range: $76,500 ↔ $77,800
Behavior: * Sideways movement to reset RSI/MACD indicators).
"Stop hunting" for both long and short positions.
Best for trading the edges.

🧠 Trader Note
Wait for the reversal: Don’t open a buy position at resistance; wait for it to turn into support.
Volume check: Look for an increase in volume in the next upward move to confirm it’s not a fakeout.
Monitor alternative coins: If Bitcoin stays within this range, watch DOGE and ETH to capture a buying opportunity.