š Chart Structure
The chart shows BTC/USD forming a symmetrical triangle pattern, created by:
- A descending trendline from the top (lower highs)
- An ascending trendline from the bottom (higher lows)
Price is currently near the apex, which usually signals an upcoming strong move.
š Key Observations
1. Lower Highs (Selling Pressure)
The upper trendline indicates continuous lower highs, showing sellers are still active and pushing price down.
2. Higher Lows (Buying Pressure)
The lower trendline shows buyers stepping in at higher and higher points, creating pressure from the bottom.
3. Price Compression
This shrinking price range suggests a big breakout is close.
š Possible Scenarios
1. Bullish Breakout
If price breaks above the upper trendline:
- Short-term target: around 90,450 ā 91,200
- Next resistance: ~91,880 ā 92,350
This move may be supported by the momentum from recent higher lows.
2. Bearish Breakdown
If price breaks below the lower trendline:
- First support: 89,500
- Major support: ~88,900 ā 89,000
A close below the triangle could trigger a deeper drop.
š Summary
- BTC is in a neutral compression pattern.
- A large move is expected once price leaves the triangle.
- Watch for a clean breakout candle + volume confirmation before choosing direction.
