$BTCUSD — DAILY ANALYSIS | April 23, 2026BTCUSDT SPOTBYBIT:BTCUSDTTHESOUMYOROYBTCUSD — DAILY ANALYSIS | April 23, 2026 ━━━━━━━━━━━━━━━━━━━━━ CURRENT PRICE: ~$78.5K 📍ATH: $126,272 (Oct 2025) 📍Cycle Low: $60,000 (Feb 2026) ━━━━━━━━━━━━━━━━━━━━━ 🕯TREND OVERVIEW The daily trend is short-term bullish recovery within a macro corrective phase. BTC has rallied ~30% from the $60K February low. The overall macro structure from the ATH of $126,272 is still a series of lower highs, so the burden of proof remains on bulls to reclaim $84,000–$90,000 to call a full reversal. ━━━━━━━━━━━━━━━━━━━━━ ⛔️RESISTANCE LEVELS $80,000 →Immediate Resistance & EMA 200 $84,000–$85,000 → Level 1 $90,000 → $100,000 → Level 2 ➕SUPPORT LEVELS $76,000–$77,500 → Immediate Pivot / Daily Floor ━━━━━━━━━━━━━━━━━━━━━ 📈INDICATORS — DAILY 🔹 RSI: ~55–62 — Bullish, not overbought ✅ 🔹 MACD: Bullish crossover forming ✅ ━━━━━━━━━━━━━━━━━━━━━ 🕯 CANDLESTICK PATTERN The daily chart is printing strong bullish momentum candles with the April 23 candle pushing above $78,000. This structure of higher highs and higher lows on the short-term daily is the first such sequence since the ATH correction began. Watch for a potential bearish rejection wick at the $80,000 psychological level. ━━━━━━━━━━━━━━━━━━━━━ 📐 CHART PATTERN Bull Flag ━━━━━━━━━━━━━━━━━━━━━ 🌍 MACRO DRIVERS & GEOPOLITICS ⚡ BlackRock IBIT holds $61B+ in BTC — structural demand ✅ ⚡ US Strategic Bitcoin Reserve bill in Congress → supply shock risk 🚀 ⚡ ETF flows flipped positive YTD for first time in 2026 ✅ ━━━━━━━━━━━━━━━━━━━━━ 🧭 OVERALL BIAS 🟢 CAUTIOUSLY BULLISH Short-term: Watch for close above $80,000 to confirm next leg Invalidation: Daily close below $72,000 ⚠️ Not financial advice. Manage your risk. #NFA #DYOR @thesoumyoroyanalysis