Ascending wedge, which statistically often ends with a breakdown, which favors shorts. 🐻

#BTC probably needs a correction to 'shake out' weak hands from the market before moving higher.

What this means:

• The price is already touching the lower edge of the wedge, which could be the breakout moment. Breaking through the level of about 94,400 will confirm the bearish signal.

• SL at 95,500 — a reasonable level placed above the last peak and the upper line of the wedge. It protects against typical fakeouts. If the price returns above this level, the short scenario becomes invalid.

• TP at 92,100 — logical, as it is the lower support zone where large clusters of liquidation are visible (according to the heatmap). In my opinion, the price should reach there to 'clear out' FOMO players who entered yesterday and today hoping for further uninterrupted growth.