#FirstTradeOfTheWeek

Bitcoin (BTC) Market Update | April 23, 2026

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The market shows strong resistance at the psychological barrier of $78,000. After yesterday's touch and rejection, Bitcoin is currently retreating around $77,251.

This "candlestick" above $78k indicates that the bulls have the strength to push the price higher, but the selling pressure at that level is significant.

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We're seeing a classic accumulation phase. As long as Bitcoin holds the support level at $76,500, the structure remains bullish for another attempt at $78,000.

However, if we lose $76k, we might see a deeper test of the $74,500 area before any further rise.

🚀 Bitcoin Technical Summary | April 2026

💰 Current price: $77,251

📉 Recent movement: rejection from $78,000

🟢 Bullish scenario: breakout

Market context: * Accumulation with high volume under resistance.

Positive funding rates and instant buy interest.

Expected movement:

$77,251 → $78,000 $78k breakout → $79,500 → $81,200

Key support: $76,500

Catalyst: closing a 4-hour candlestick above $78,200.

🔴 Bearish scenario: deep test

Market context:

Exhaustion at the local top.

Bitcoin dominance is pulling back as liquidity shifts to altcoins.

Expected movement:

$77,251 → $76,400 → $75,200 → $74,000

Key resistance: $78,000

Catalyst: breakdown below $76,000.

⚖️ Range scenario (current phase)

Expected range: $76,500 ↔ $77,800

Behavior: * Sideways movement to reset RSI/MACD indicators.

"Stop hunting" for both long and short positions.

Best for scalping the boundaries.

🧠 Trader's note

Wait for the reversal: don't open a long position at resistance; wait for it to flip to support.

Volume check: look for an increase in volume on the next upward movement to confirm it's not a trap.

Watch altcoins: if Bitcoin holds steady in this range, keep an eye on DOGE and ETH to catch a buying opportunity.$BTC