#BTC 4/17 Afternoon Bitcoin Outlook

Bitcoin failed to break through the 76,000 resistance after two attempts, with a second high point lifting, indicating a slightly stronger structure; if the high points gradually decline, the bullish momentum weakens. After three attempts, if it still cannot break through, the bullish momentum is likely exhausted, and a deep pullback to gather strength before another attack may occur.
Pay close attention to the 74,266 neckline support: holding steady could lead to a third attempt to break through, while a break below suggests a move toward the head and shoulders neckline at 73,385 within the flag pattern. This support has been tested multiple times and is weak, likely to be lost. After establishing a head and shoulders pattern on the hourly chart, a further pullback is expected, targeting 72,578.
If the price neither breaks above nor falls below the range, it will remain in a consolidation between 73,558 and 75,420. Only when it recovers above 74,826 can it have the condition to challenge 76,000 again.

Trading suggestions:
• Break above 74,807 with volume, go long, target 75,535-76,000
• Break below 74,285 with volume and fail to rebound, go short
• Hourly chart: stay above 74,807 to look for 75,535-76,000
• 4-hour chart: break below 74,328 to look for 73,419-72,380