BTC 1H Chart Breakdown – Expanding Triangle in Play! 🚨🔥

Looks like Bitcoin is forming a Broadening Wedge (Expanding Triangle) on the 1H timeframe. Volatility is ramping up, and market makers are hunting liquidity before the next big move.

Key Observations:

🔴 Resistance: ~ $101K-$102K (Upper red trendline)

🟢 Support: ~ $94.5K-$95K (Lower red trendline)

📊 RSI @ 43.7 → Neutral-to-weak momentum, not oversold yet.

Scenarios to Watch:

📈 Bullish Breakout: If BTC breaks & closes above $97K-$98K, next target is $101K-$102K.

📉 Bearish Breakdown: A close below $94.5K-$95K opens doors to $92K or lower.

Strategy:

🎯 Long if: BTC reclaims $97K+, confirming breakout with volume. Target $101K-$102K.

🔻 Short if: BTC loses $94.5K, confirming breakdown. Target $92K-$93K.

💡 Pro Tip:

Wait for break & retest confirmation—fakeouts are common in these patterns. Watch volume + RSI divergence for confluence.

🚀🔥 Volatility cooking… stay sharp! #cryptotrading #BTC $BTC