The chart clearly shows a textbook falling wedge pattern, which is typically a bullish reversal signal. After a strong downtrend, BTC respected the wedge boundaries and has now successfully broken out of the structure, signaling potential upside continuation.

📊 Key Observations:

Price broke out of the falling wedge with increasing momentum.

A bullish structure shift has occurred, confirming breakout strength.

Price is now retesting the breakout zone — often a good entry point.

🎯 Trade Setup:

  • Entry Zone: Around $104,600 (retest zone)

  • Target: $108,000 (previous resistance)

  • Stop Loss: Below $102,800 (wedge bottom

support)

2:01RR: Solid reward potential after breakout.

Follow for more $BTC

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