4/26 Midday Bitcoin Outlook

Bitcoin continues to fluctuate within a narrow range on the short-term chart, having remained sideways within this zone for three consecutive days.
From the short-term channel perspective, the price has tested the lower boundary multiple times but has always stayed above it; even during brief dips, the closing price ultimately returns within the channel. This can be seen as a strong short-term support level.

• Not breaking key support = sideways with a slight bullish bias, unlikely to see a deep decline;

• Only if the channel is effectively broken downward and not recovered will it test previous lows;

• Only a volume-driven break below 77,000 will lead to further declines toward the 76,237–74,929 range;

• To turn stronger on the upside and rebound, the price must first break through 77,842, then aim for 78,443; after breaking through, there’s a chance to test previous highs;

• If neither the upside nor the downside can be broken, the price will continue to fluctuate narrowly between 77,200 and 77,842, consolidating within this range.