dr_mt
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$BTC SIGNAL ALERT 🔴🟢✨️✨️✨️
🚨 Rising Wedge Forming: Is Bitcoin Setting a Bull Trap? ⚠️
$BTC is currently forming a rising wedge pattern on the 15MN TF, which often signals potential exhaustion in an uptrend. This pattern typically appears near the top of a move and can hint at a possible pullback or fakeout if momentum fades. While not guaranteed, still keep a close eye on it — especially after a strong rally like the one we've just seen.
Right now, BTC is trading around $88,150, up about 0.75% in the last 24 hours. The recent push up to $88,850 marked a local top, and price action since then has been squeezing tighter between higher highs and higher lows. This narrowing structure is the classic setup of a rising wedge, and it's often followed by a sharp move — usually to the downside — if buyers lose steam.
We’re still seeing short-term bullish structure with the MA(7) and MA(25) trending above the MA(99), which suggests that the broader trend is intact for now. However, volume is starting to fade slightly as price grinds higher, which could be a sign of buyer fatigue. If $BTC breaks below the lower support of this wedge — especially if it loses the $87,000 level — it could open the door for a fast drop toward the $86.3K or even $85.5K zone.
On the other hand, if bulls step in with real volume and break above $88,850, that could invalidate the wedge and spark another leg up, potentially toward the $90K mark. 🔥🚀
This is a critical moment. Wedges like this can go either way, but they often resolve with a fakeout that catches late traders off guard. Watch closely — this move could define Bitcoin’s next short-term direction.
DYOR
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dr_mt
🚨 Rising Wedge Forming: Is Bitcoin Setting a Bull Trap? ⚠️
$BTC is currently forming a rising wedge pattern on the 15MN TF, which often signals potential exhaustion in an uptrend. This pattern typically appears near the top of a move and can hint at a possible pullback or fakeout if momentum fades. While not guaranteed, still keep a close eye on it — especially after a strong rally like the one we've just seen.
Right now, BTC is trading around $88,150, up about 0.75% in the last 24 hours. The recent push up to $88,850 marked a local top, and price action since then has been squeezing tighter between higher highs and higher lows. This narrowing structure is the classic setup of a rising wedge, and it's often followed by a sharp move — usually to the downside — if buyers lose steam.
We’re still seeing short-term bullish structure with the MA(7) and MA(25) trending above the MA(99), which suggests that the broader trend is intact for now. However, volume is starting to fade slightly as price grinds higher, which could be a sign of buyer fatigue. If $BTC breaks below the lower support of this wedge — especially if it loses the $87,000 level — it could open the door for a fast drop toward the $86.3K or even $85.5K zone.
On the other hand, if bulls step in with real volume and break above $88,850, that could invalidate the wedge and spark another leg up, potentially toward the $90K mark. 🔥🚀
This is a critical moment. Wedges like this can go either way, but they often resolve with a fakeout that catches late traders off guard. Watch closely — this move could define Bitcoin’s next short-term direction.
DYOR
Follow me
dr_mt
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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