🚀 $BTC /USDT – DESCENDING BROADENING PATTERN SPOTTED! BULLISH REVERSAL BREWING? 📉📈
Current Price: $104,173.77 (-0.43%)
Pair: BTC/USDT PERP — $104,021.30 (-0.55%)
Hey Binance Square fam 👋
Bitcoin is showing signs of a Descending Right-Angled Broadening Pattern — a powerful bullish reversal signal that smart traders should watch closely. As volatility expands within this formation, a breakout could trigger the next major upside wave.
🔍 TECHNICAL SNAPSHOT
📐 Pattern Type: Descending Broadening Right-Angled
📊 Behavior: Horizontal support + sloping resistance = widening range
📈 Key Signal: A breakout above resistance confirms trend reversal — especially if supported by strong volume.
🎯 TRADE SETUP STRATEGY
📥 Entry Point: On breakout above descending resistance with strong candle close and volume spike
🛡️ Stop-Loss: Below the horizontal support base to protect downside
🎯 Target: Project pattern height from breakout — this gives your TP zone
⚠️ RISK MANAGEMENT MATTERS
✅ Confirm breakouts with volume
✅ Stay alert for fakeouts and sudden market shifts
✅ Always diversify beyond a single asset
📌 Bottom Line:
Bitcoin is coiling in a volatile structure — breakouts from this pattern often lead to rapid price movements. Stay ready. Your edge is timing + confirmation.
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