[1 May BTC Market Update]

Big breakout loading…

Bitcoin (BTC) has been moving sideways in a tight range for the last 7 days — and today marks the 8th day. On the 1H time frame, a symmetrical triangle pattern is forming, suggesting that BTC is preparing for a massive breakout — either to the upside or downside.

Let’s break it down:

On the daily time frame, we previously saw a breakout from a falling wedge pattern, which has now been retested.

Since then, BTC has been consolidating between $94,800, showing signs of a possible continuation move.

The target of the falling wedge breakout is still active: $110,000.

But here’s the caution:

There’s a CME gap at $92,000 and a Fair Value Gap (FVG) between $90,000–$89,000, which should not be ignored.

Now zooming into the 1H time frame:

BTC has shown a bearish change of character, and unless we get a clear close above $95,500, this bearish bias remains valid.

If price closes above $95,500, the symmetrical triangle would break to the upside, aligning with the bullish structure on higher time frames.

My expectation?

I’m personally anticipating a bullish breakout, with BTC pushing above $95,500. But keep an eye on the $97,000–$99,500 zone — that’s a strong resistance area on the 4H chart, and we may face some pullback there.

If that level is cleared, then the daily structure points toward BTC testing $110,000 in the coming weeks.

Keep in mind:

We still need to respect the lower gaps around $90K, as those levels may attract price before the major move.

Let the breakout decide — but momentum is building.

Not financial advice. Always do your own research.