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4.15 Evening Market Analysis$BTC $ETH
In the evening, Bitcoin experienced a quick short-term spike, falsely breaking below the 73,775 support level, then rapidly rebounding back into the triangle consolidation range. Within the range, a clear W-bottom reversal pattern emerged, with the key neckline resistance at 74,800. Only if the price successfully stabilizes and breaks through this level will the W-bottom structure be considered officially formed, allowing the bulls to continue the rebound momentum and attempt to test the 76,000 resistance level.
If the price remains under pressure and cannot break through 74,800, the market is likely to continue its weak decline; once the critical support at 73,775 is lost again, the price will deeply test the 72,500 level. Until the bull-bear dividing line is broken, the overall price will oscillate and accumulate within the 73,775-74,789 range, before choosing a directional move. I personally remain committed to the bullish outlook; this large-scale upward trend has not ended, and there are no obvious signs of breakdown or weakness in the short term.
Trading Suggestions
Buy in batches around 73,500-74,000, targeting 74,500-75,500
Buy in batches around 2,300-2,320 for Ethereum, targeting 2,370-2,400