Evening Bitcoin Outlook



The Bitcoin hourly chart continues to consolidate in a symmetrical triangle, forming a potential W bottom structure inside. Currently, the W bottom has not been confirmed as complete, with the key neckline at 76,478.
Only a volume breakout and a sustained move above 76,478 will officially confirm the W bottom, signaling a rebound. First resistance is at the triangle's upper boundary + 77,278.
Below, the low area also shows a potential double bottom pattern, with the same logic: until the neckline at 76,478 is broken, only pre-judgments can be made; only an effective breakout can confirm the double bottom formation. Until the market moves out of this pattern, all predictions are speculative.

Trading Suggestions:
Aggressive traders can go long at the current price with small positions, betting on the W bottom formation; conservative traders should wait for a neckline breakout and follow the trend on the right side.

Key support levels: the lower boundary of the triangle + the previous low at 74,919. As long as the price retraces without breaking below this level, the downside is limited; if volume fails and 74,919 is broken, a likely drop to 73,670 will occur, and the trend may weaken or turn bearish.

✅ The hourly chart with volume breaks above 76,327, follow the trend and go long, targeting 77,278—77,900; if the rally stalls and cannot hold above 76,337 repeatedly, the bullish momentum will struggle to continue.
❌ The hourly chart drops below 75,324 with volume, and if it fails to rebound back, go short on the right side with a stop loss.

Once the 4-hour level drops below 75,570 effectively, the support zone extends downward to 74,685—73,751.
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