#FirstTradeOfTheWeek
Bitcoin (BTC) Market Update | April 23, 2026
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The market is showing some heavy resistance at the psychological $78,000 mark. After yesterday's touch and rejection, BTC is currently cooling off around $77,251.
This "wick" above $78k suggests that while the bulls have the strength to push high, sell pressure at that level is significant.
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We are seeing a classic consolidation phase. As long as BTC holds above the $76,500 support, the structure remains bullish for another attempt at $78k.
However, if we lose $76k, we might see a deeper retest of the $74,500 zone before any further upside.
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🚀 BTC Technical Briefing | April 2026
​💰 Current Price: $77,251
📉 Recent Action: Rejection from $78,000
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🟢 BULLISH SCENARIO: The $78k Breakthrough
​Market Context: * High volume consolidation below resistance.
​Positive funding rates and spot buying interest.
Expected Move:
​$77,251 → $78,000 (Breakout) → $79,500 → $81,200
Key Support: $76,500
Trigger: 4H Candle close above $78,200.
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🔴 BEARISH SCENARIO: The Deep Retest
​Market Context:
​Exhaustion at the local top.
​BTC Dominance slipping as liquidity moves to Alts.
Expected Move:
​$77,251 → $76,400 → $75,200 → $74,000
Key Resistance: $78,000
Trigger: Breakdown below $76,000.
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⚖️ RANGE SCENARIO (Current Phase)
​Expected Range: $76,500 ↔ $77,800
Behavior: * Side-ways movement to reset indicators (RSI/MACD).
​"Stop-hunting" both long and short positions.
​Best for scalping the extremes.
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🧠 TRADER’S NOTE
​Wait for the Flip: Don't long into the $78k resistance; wait for it to turn into support.
​Volume Check: Look for a spike in volume on the next move up to confirm it's not a fakeout.
​Altcoin Watch: If BTC stays stable in this range, watch for DOGE and ETH to catch a bid.
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$BTC Crypto Circle Li Ying: 4.24 Bitcoin at 78,500 High Fluctuation! Will Tonight Break 80k or Pull Back? Latest Market Analysis and Trading Suggestions
　　
　　Family members! Bitcoin is currently at 78,500, in a high plateau after a strong upward move. The upper resistance at 79,472 is the previous high ceiling, and the lower support at 77,557 is the Bollinger Band lower band. Recently, the price has tested the 79,000-79,500 range multiple times but was pushed back. Bulls want to push higher again but are struggling, while bears are taking the opportunity to slightly suppress at high levels. The market atmosphere is somewhat like a bow at its limit; although the overall trend remains bullish, short-term momentum is stalling. The key signals to watch are: if volume increases and breaks through 79,472, a new surge may begin; if it falls below 77,500, it could retest 76,000 or even 75,000 for support. Simply put, the rally is strong but tiring, so choose the direction wisely.
　　
　　From a technical perspective, the Bollinger Bands are diverging upward, with the upper band at 79,204 and the lower band at 77,255. The price is closely hugging the upper band, indicating short-term bullish strength but also risk of overbought conditions. The moving averages are arranged in a bullish order, rising sequentially, and the price is above all moving averages, confirming a medium-term bullish trend. The most critical indicator is MACD: DIF and DEA have formed a death cross above the zero line, and the green momentum bars are continuously enlarging, which is a typical sign of weakening upward momentum and a potential pullback. However, note that a MACD death cross in a strong trend may only be a temporary correction. If the price does not break below 77,000 support, there is still a possibility of a second rally. Overall, Li Ying sees the indicators as showing a bullish trend but with significant short-term correction pressure.
　　
　　Short-term trading strategies (Li Ying personally teaches, precisely aligned with the market)
　　
　　Long strategy: Buy at 77,500-78,000 current price, target 79,500 aiming for 80,500, stop loss at 76,800
　　
　　Short strategy: Resistance at 79,000-79,500, stop loss at 80,200, target 78,000 aiming for 77,500
　　
　　Key reminder: The current market is in a high-level consolidation + momentum decay phase. It is recommended to patiently wait for a breakout above 79,472 or a breakdown below 77,500 before taking action, avoiding frequent trading within narrow ranges. All positions must set stop losses to control risk.
　　
　　Risk warning: The above analysis by Li Ying is based on real-time market data and is for reference only. It does not constitute investment advice. Trading risks are borne by the individual. ‌#比特币反弹