4.15$BTC Evening Thoughts

The recent dip is more like a "false breakdown," quickly recovering after piercing through the 73,700 level, with the price returning inside the triangle range. Structurally, a bullish engulfing pattern has appeared, along with a small W bottom on a lower timeframe, with the core around the neckline at approximately 74,780.
If there is a volume breakout and a steady hold here, the W bottom will be confirmed, and the market is likely to continue rebounding, first targeting 75,500, then around 76,000; but if it cannot break through consistently, it will remain oscillating between 74,780 and 73,700, and once 73,700 is effectively broken downward, the downside space will reopen, testing support near 72,500.
In terms of trading strategy, maintain a right-side approach:
A volume breakout above 74,150 can be followed long, targeting the 75,500-76,700 range;
A breakdown below 73,700, with a rebound that fails to recover, can be shorted, targeting around 72,500. Remember to control risk and set proper stop-losses.
From the 4-hour structure, no key retracement levels have been broken so far, and the bullish trend has not been damaged, so there’s no need to panic excessively. However, 76,000 is a clear resistance zone; the first attempt has already failed, and if the second attempt also cannot break through, this correction will truly unfold.
Overall, the outlook remains bullish, but the key levels need confirmation signals; avoid jumping to conclusions prematurely.