Bitcoin Roadmap and Suggestions

Bitcoin's downward dip below the support at 73,775 was a false breakdown, and it has now re-entered the triangle pattern.
The area highlighted with a yellow box shows a bullish engulfing pattern, and a W-bottom pattern has appeared inside the triangle.
The neckline of the W-bottom is at 74,789, which is also the current resistance for Bitcoin.
To continue upward, it must break through the 74,789 neckline.
Only after breaking the 74,789 neckline can the W-bottom be confirmed, allowing for a rebound toward around 76,000.
If it fails to break through 74,789, it will continue to retrace, and if it breaks below the support at 73,775, it will test the lower level at 72,566.
If it cannot break above or below these levels, it will oscillate between 74,789 and 73,775, and after enough consolidation, it will push higher.
I am personally bullish, so I view the market from a long perspective.
I don’t think this rally will end here because there’s no worse moment than now.
Bitcoin with volume broke through 74,147 on the right side, indicating a long entry,
Pay close attention to the breakdown with volume at 73,739; if it fails to recover after a dip, consider shorting with proper stop-loss.
On the hourly chart, a break and hold above 74,147 suggests an upward target of 75,563-76,780.
If it cannot go above 74,147, then that level is meaningless.
Focus on the 4-hour chart: if it breaks below 73,714, look down toward 72,599-71,520.
On the 4-hour chart, Bitcoin has not even broken the 78.6% Fibonacci retracement level.
Why panic?
Only if it breaks below the 78.6% Fibonacci level will the decline deepen, targeting the 61.8% and 50% levels.
Until it breaks the 78.6%, bulls shouldn’t panic.
To fully overturn the 4-hour bullish trend, it must break below the Fibonacci 50% level.
Only then will the bullish trend on the 4-hour chart revert to a weak zone, and the bullish trend highlighted by the yellow box will be broken, possibly leading to a deep correction.
Currently, on the 4-hour chart, there is a risk point at the position indicated by the red arrow above.
This is the first test of the previous high at 76,000, which failed.
Hopefully, the second test of 76,000 can break through and stabilize above that level, opening up room for a 4-hour upward move.
If the second attempt to reach 76,000 fails, then the 4-hour correction will truly begin.
Everyone should pay attention to the two attempts to challenge the 76,000 level.
$BTC