Bitcoin has broken upward as expected, forming a bullish flag pattern, with two previous retests of the 76,000 level as support, confirming the hourly W-bottom formation, and signaling a trend reversal.

The subsequent upward potential entirely depends on whether the key watershed of 77,323 can be maintained.
Conditions for continued rise
• Price remains firmly above 77,323, validating the W-bottom structure;
• Breakout with volume above 77,615, follow the trend to buy on the right side, first target 78,361‑79,173;
• If it stabilizes above 78,361, the previous 4-hour downtrend phase is temporarily over, further targets are 79,467/78,748 (Fibonacci 1:1 target).
Conditions for reversal downward
• Losing 77,323, with the rebound failing immediately, returning to the flag pattern range for consolidation;
• Break below 77,070/77,068 with volume and unable to recover on the rebound, follow the trend to short on the right side, targets are 76,103‑75,295;
• Extreme breakdown of support at 76,000 and making new lows, with 74,971 below imminent.
77,323 is the critical line between bulls and bears; holding it means the rebound continues, losing it means oscillation and return to range, strictly trade on the right side, do not enter without stop-loss.