💥 Bitcoin Daily Outlook 💥

A rising wedge pattern is forming on the chart — but what does it mean in the current context?

Typically, this pattern during a correction or retracement leans bearish, suggesting buyers may be losing momentum. A breakdown is possible. However, since the weekly and monthly trends remain bullish, any dip could simply be a short-term pullback before BTC resumes its macro uptrend.

That’s why I’m treating this wedge as a local structure, not a trend reversal. A breakdown might actually offer a prime long re-entry, backed by strength on higher timeframes.

Yes, a dip — even a sharp one — may come, but it could set up the next high-probability long.

🎯 Key Levels to Watch:

• Resistance: 105583 / 106407 / 108000 / 108955

• Support: 104545 / 103975 / 102380 / 101425

🔥 Liquidation Heatmap Highlights:

• Above: 106844 / 107655 / 108950 / 109820

• Below: 104480 / 103040 / 102175 / 101165

📌 Watch Zone:

104480 is the first key area — still inside the wedge. Strong volume here could spark a rebound toward 106844.

If volume doesn't show up, deeper correction risks increase.

A major battleground is the 105.6K–105.8K zone — it absorbed heavy liquidation volume and remains the pivot between bulls and bears. For now, BTC trades below it.

Let’s see whether the next move is the bounce... or the break.

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