$BTC is coiling inside a Bearish Pennant on the 15-minute chart — a classic continuation pattern after a sharp drop from above 106.5K.

🔹️Strong impulse move down created the flagpole 📉

🔹️ Price has since consolidated in a tight triangle — lower highs and higher lows converging into the apex

🔹️Structure fits a bearish pennant, signaling potential further downside if support fails

🎯 Key Levels:

🧱 Support: $103,000–103,200 = base of the pennant

❗ Breakdown confirmation = clean candle close below $103K

🔻 Measured target (flagpole extension) = potential drop toward $101.5K–102K zone

As long as price remains below $103.7K, pressure favors the bears

If #BTC breaks above $104K, pattern is invalidated and short squeeze risk increases

💬 Conclusion: All eyes on the next move out of this pennant — breakout or breakdown, volatility incoming ⚠️