Evening Bitcoin Market Outlook

Bitcoin has recently been stuck in a downward channel, moving in a stepwise decline. Based on the AB=CD pattern, this correction phase is nearly complete.
Looking purely at technical indicators, the bearish momentum has already significantly weakened, but there is still a possibility of a final false breakout spike, so currently chasing short positions offers very low risk-reward and poor profit potential.
Focus on key support levels: the 76224 level has been tested twice without breaking below, forming a potential small double bottom pattern. However, the pattern is not yet confirmed, with the main resistance at the 77278 neckline. Only a volume breakout and a sustained move above the neckline will confirm the small double bottom.
Short-term range remains firmly locked between 76224 and 77278, with repeated tug-of-war between bulls and bears, likely leading to sideways consolidation, waiting for a directional breakout after US stock markets open.

Trading Suggestions:
Break above and hold above 77026 with volume, then follow up with long positions, targeting 78256 and 79455;
If it breaks below 76527 with volume and fails to recover, then consider short positions.
A 1-hour chart needs to stabilize above 77026 for a rebound to start; otherwise, the market remains weak and oscillates.
Once the 4-hour level drops below the key 76300, further decline to the 74971—73790 range is likely.