#BTC 4.29 Midday Bitcoin Market Outlook

After initially weakening and declining, Bitcoin pierced the 76234 support level, forming a false breakout and pin bar pattern. Currently, the market is rapidly rebounding, regaining stability above the 76234 level.
The key resistance in the current chart is at 76767, which is the lower boundary resistance of the bearish flag pattern; only if the price effectively recovers within the flag range can it further challenge the 77370 key neckline resistance.
The 77370 neckline is the dividing line between bullish and bearish strength; a volume-supported hold above this level targets 78561.
If the neckline cannot be broken and the price only returns to the flag range, the market will mainly oscillate within the range, and the phased downward correction will also come to an end.
The core support zone below is:
Short-term support at 76234, allowing for a second test, but 75623 is the bottom line for the bulls. If this level is effectively broken, the market will form lower lows, opening the downside space, with subsequent key support at 74973.
Trading suggestions:
Break above 76570 with volume, follow up with long positions.
If the price effectively breaks below 76133 and rebounds are weak, consider short positions, strictly controlling risk with stop-loss.
Hourly chart: Only if the price stabilizes above 76570 can a rebound upward be initiated, targeting the range of 77399–78504. Persistent pressure at 76570 indicates a weak rebound correction.
4-hour chart: If the price effectively breaks below 75985, a medium-term weakening is confirmed, with the downside target in the 74950–73718 range.