#FirstTradeOfTheWeek

Bitcoin Market Update (BTC) | April 23, 2026
The market shows strong resistance at a psychological level of $78,000. After touching and rejecting yesterday, Bitcoin is currently retreating around $77,251.
This "candle" above $78k indicates that the bulls have the strength to push the price higher, but selling pressure at that level is significant.
We are seeing a classic accumulation phase. As long as Bitcoin maintains the support level at $76,500, the structure remains bullish for another attempt at $78,000.
However, if we lose $76,000, we may see a deeper test of the $74,500 zone before any further rise.
🚀 Bitcoin Technical Summary | April 2026
💰 Current Price: $77,251
📉 Recent Movement: Rejection at $78,000
🟢 Bullish Scenario: Breakout
Market Context: * Large-volume accumulation below resistance.
Positive funding rates and spot buying interest.
Expected Movement:
$77,251 → $78,000 $78k Breakout( → $79,500 → $81,200
Main Support: $76,500
Trigger: Closing a 4-hour candle above $78,200.
🔴 Bearish Scenario: Deep Test
Market Context:
Fatigue at the local top.
Bitcoin dominance declining as liquidity shifts to altcoins.
Expected Movement:
$77,251 → $76,400 → $75,200 → $74,000
Main Resistance: $78,000
Trigger: Breakdown below $76,000.
⚖️ Range Scenario )Current Phase(
Expected Range: $76,500 ↔ $77,800
Behavior: * Sideways movement to reset RSI/MACD indicators).
"Stop hunt" for both long and short positions.
Best to trade at the boundaries.
🧠Trader Note
Wait for reversal: Do not open a buy position at resistance; wait for it to turn into support.
Check volume: Look for increased volume in the next upward move to confirm it’s not a fakeout.
Monitor Altcoins: If Bitcoin remains within this range, watch DOGE and ETH for buying opportunities.