๐ *Bitcoin Consolidation: Breakout Incoming!* ๐
This chart shows BTC forming a *descending triangle*, a classic consolidation pattern where price tightens between *lower highs* and a *flat support line*. ๐ป
๐ *What consolidation means*:
BTC is cooling off after a strong move, with buyers and sellers balancing out. Itโs a calm before the storm, where momentum builds up for the next big move. โก
โ *Chart Signals*:
- Horizontal support near *106K*
- Resistance line descending from recent highs
- Price squeezing into the apex (marked by the red circle)
๐ *Prediction*:
- If BTC breaks *above* the trendline, we could see a rally toward *110Kโ114K+* ๐ฏ
- If it breaks *below*, a retest of *104Kโ$102K* is likely before bouncing back ๐
๐ *Strategy*:
- Watch for volume spike to confirm breakout
- Set alerts near both breakout levels
- Use stop-loss to manage risk
โ ๏ธ This setup is *explosive*, so be ready. The move will be quick โ donโt trade late. ๐ฅ