#FirstTradeOfTheWeek Bitcoin (BTC) Market Update | April 23, 2026 The market is showing some heavy resistance at the psychological $78,000 mark. After yesterday's touch and rejection, BTC is currently cooling off around $77,251. This "wick" above $78k suggests that while the bulls have the strength to push high, sell pressure at that level is significant. We are seeing a classic consolidation phase. As long as BTC holds above the $76,500 support, the structure remains bullish for another attempt at $78k. However, if we lose $76k, we might see a deeper retest of the $74,500 zone before any further upside. 🚀 BTC Technical Briefing | April 2026 💰 Current Price: $77,251 📉 Recent Action: Rejection from $78,000 🟢 BULLISH SCENARIO: The $78k Breakthrough Market Context: * High volume consolidation below resistance. Positive funding rates and spot buying interest. Expected Move: $77,251 → $78,000 (Breakout) → $79,500 → $81,200 Key Support: $76,500 Trigger: 4H Candle close above $78,200. 🔴 BEARISH SCENARIO: The Deep Retest Market Context: Exhaustion at the local top. BTC Dominance slipping as liquidity moves to Alts. Expected Move: $77,251 → $76,400 → $75,200 → $74,000 Key Resistance: $78,000 Trigger: Breakdown below $76,000. ⚖️ RANGE SCENARIO (Current Phase) Expected Range: $76,500 ↔ $77,800 Behavior: * Side-ways movement to reset indicators (RSI/MACD). "Stop-hunting" both long and short positions. Best for scalping the extremes. 🧠 TRADER’S NOTE Wait for the Flip: Don't long into the $78k resistance; wait for it to turn into support. Volume Check: Look for a spike in volume on the next move up to confirm it's not a fakeout. Altcoin Watch: If BTC stays stable in this range, watch for DOGE and ETH to catch a bid.

I just saw the latest update from MicroStrategy, and it turns out Michael Saylor and his team managed to accumulate 17,585 Bitcoin in the first two weeks of April. That means they are adding Bitcoin holdings quite aggressively, now their total Bitcoin has reached 780,897 BTC with a value of around 602 billion dollars based on the current BTC price of 77.23K. What’s interesting is the concept of BTC Gain that Michael Saylor created as a metric to measure value creation. This is not traditional profit in the usual accounting sense, but more about how many Bitcoins per share they gain from their fundraising strategy. So every time they issue shares or convertible bonds, the proceeds are immediately used to buy more Bitcoin. Michael Saylor’s strategy is quite unique; he basically treats Bitcoin as a standard to measure performance, not dollars. In just the last two weeks, they managed to add 17,585 BTC which, at the current price, is worth around 1.356 billion dollars. If this trend continues, MicroStrategy’s position as the largest corporate Bitcoin holder will become even stronger. It’s interesting to watch how this develops going forward.

【$MAGMA Signal】1H high-level distribution + abnormal funding rate, targeting the short sellers $MAGMA 1H MACD death cross confirmed, histogram turns green, selling pressure actively suppresses price. Funding rate surges to 0.0405%, long positions' cost sharply increases, OI remains stable but price stagnates, a typical short squeeze trap structure. Market depth imbalance -14.58%, buy-side gap, high-level support weak. 🎯Direction: Short ⚡Entry/Order: Short directly at current price 0.19732, or place an order at 0.19646 to enter 🛑Stop loss: 0.17524 🚀Target 1: 0.19727 🚀Target 2: 0.19806 🛡️Trade management: - Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital. (Depth logic: The 1H Bollinger middle band at 0.1926 has been broken once, bulls are unable to rebound. Although the 4H MACD is bullish, the divergence on the 1H and abnormal funding rate are the short-term core signals. The risk-reward ratio isn't great, but volatility equals profit. Entering short here, betting on high-level bull trap. ) Check real-time market 👇 $MAGMA --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#Gate13周年现场直击 #WCTC交易赛瓜分800万USDT #比特币反弹