$BTC Market Analysis 2026.04.17 Today, we’ll use Gann angle lines to analyze BTC’s trend and current price action: Figure 1 shows Gann angle lines drawn from the low of 15,400 and the high of 126,000. The halfway line in the chart can be viewed as the bull-bear divide; if three consecutive weekly candle bodies close above this line, it suggests the bear market has ended. I believe it’s unlikely that the February 2026 low of 60,000 represents the true bear market bottom—what has been unfolding since 60,000 is merely a rebound. Now, refer to Figure 2: the red and blue angle lines are derived using 126,000 and 97,900 as highs and 60,000 as the low. This gives us two resistance zones formed by the intersections of the blue-green and red-green lines. As mentioned in yesterday’s post, if this rebound does not expand in scope, we must see a significant downward move by this week at the latest—next week at the latest. A new high above 76,000 is acceptable, but after reaching that high, a rapid decline must follow—not the current sideways consolidation. Prolonged consolidation at high levels could evolve into the red pattern shown in Figure 2: the recent movement has merely been a pullback within the 65,000–76,000 range. After this pullback concludes, another rally of similar magnitude is expected to test the red resistance zone; only after failing to break through it will a major downward move begin. As noted in last Sunday’s video, this rally has been entirely driven by contract-induced short squeezes. As long as most traders remain short, BTC will not easily decline. Therefore, successfully capturing this major short position still requires considerable skill.