BTC SIGNAL ALERT 🔴🟢✨️
🚨 Rising Wedge Forming – Is Bitcoin Setting Up a Bull Trap? ⚠️
$BTC is currently forming a rising wedge pattern on the 15-minute timeframe — a classic setup that often signals waning bullish momentum. This formation typically emerges near local tops and can hint at a potential pullback or fakeout if buyers begin to lose strength. While not a guarantee, it’s worth watching closely, especially after the recent strong rally.
At the moment, BTC is trading around $88,150, up roughly 0.75% over the past 24 hours. The recent surge to $88,850 created a local high, and since then, price action has tightened into higher highs and higher lows — a textbook rising wedge structure. If bullish momentum fades, this setup often leads to a sharp downside break.
Trend-wise, the short-term still leans bullish, with MA(7) and MA(25) trending above MA(99) — indicating the broader uptrend remains intact for now. However, a slight drop in volume as price climbs could be signaling buyer exhaustion.
Key levels to watch:
Break below $87,000 could trigger a swift drop toward $86.3K or even $85.5K
Break above $88,850 with strong volume could invalidate the wedge and open a path to $90K+
This is a critical inflection point. Rising wedges can break either way — but more often than not, they catch late traders off guard with a fakeout. Stay alert — the next move could shape Bitcoin’s short-term trajectory.