📉 Bitcoin Daily 📈

The chart is starting to form a rising wedge pattern — but what does that mean?

Typically, a rising wedge during a correction or retracement is considered bearish. It often signals that buyers are losing strength and a breakdown is likely. However, since the weekly and monthly trends remain bullish, any breakdown might turn out to be just a short-term pullback. After collecting liquidity, $BTC could easily return to the macro uptrend.

That’s why I view this wedge as a local structure — not a full reversal. A breakdown may actually offer a great long re-entry, supported by the higher timeframe trend.

So yes, we may get a dip — maybe even a sharp dump — but that could become the next opportunity to long.

🎯 Key Levels to Watch:

• Above: 105583 / 106407 / 108000 / 108955

• Below: 104545 / 103975 / 102380 / 101425

🔥 #Bitcoin Liquidation Heatmap:

• Above: 106844 / 107655 / 108950 / 109820

• Below: 104480 / 103040 / 102175 / 101165

Take a look at my Liquidation Heatmap:

* First key level is around 104480, which is still within the wedge. If we see high volume there, price could bounce back up toward 106844.

* If that zone doesn’t attract volume, we may see the beginning of a deeper correction. In that case, pay close attention to the lower liquidation zones.

One very important area is the 105.6K–105.8K zone. It absorbed a lot of volume during earlier liquidations and now serves as the key battleground between bulls and bears. For now, BTC remains below that level.

Let’s see how the next bounce or breakdown unfolds