Bitcoin has printed a Falling Wedge on the 4Hr timeframe โ a classic bullish reversal pattern, but only valid if we get a breakout confirmation.
๐ป Price has been grinding down inside a narrowing wedge from the $108K high
๐น๏ธEach bounce is getting weaker, but the lows are also converging upward
๐ง Market Psychology:
Bears dominate short-term, but momentum is fading
Smart money watches for breakout above the wedgeโs upper boundary to trigger momentum shifts
Trap risk remains if #BTC breaks down first before reversing โ be patient
๐ Key Levels:
โ ๏ธ Upper wedge resistance: ~$104.5Kโ105K โ needs clean breakout
๐งฑ Support: ~$101.8Kโ102K โ this is wedge base and must hold
๐ Breakout target (measured move) = $108Kโ110K zone
๐ฏ STRATEGY OUTLOOK
๐ต Bullish Case:
โ Long only after breakout + candle close above $105K
๐ฏ Targets: $107.5K โ $110K
๐ Stop below wedge re-entry = safe risk
๐ด Bearish Case:
Breakdown from $102K = fake wedge โ possible drop toward $100K psychological support
Re-evaluate structure if rejection continues
๐ Conclusion: $BTC is nearing the apex of this wedge โ a decisive move is coming. Donโt front-run it. Wait for the breakout confirmation. If it breaks out, the momentum could shift fast โ donโt sleep on it.