Hello traders, I want share with you my opinion about #bitcoin . After consolidating for an extended period within a triangle pattern, the price eventually broke out with strong #BullishMomentum . The move was supported by a solid rebound from the buyer zone and a clean breakout above the 92800 - 94200 support area. This breakout initiated a steep climb, forming a new upward wedge structure, defined by narrowing trend lines and rising local highs. Currently, the price is trading near the resistance boundary of the wedge, around the 104000 - 105000 zone. This zone has already triggered one rejection and is showing signs of weakening #bullish strength. Given the rising wedge geometry and the fading impulse strength, the risk of a correction is increasing. The current structure typically leads to a pullback, especially after such a steep rise. I expect that $BTC may rise to the resistance line of the wedge and then drop below the support line, thereby exiting from this pattern. That's why I set my TP 1 at the 100K points. Please share this idea with your friends and click Boost 🚀
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