Is the big move about to explode? The triangle flag is squeezing at the critical point, the next jump is at the ten-thousand-level!
$BTC has been stuck in the "death triangle" between the support of 104k and the resistance of 111k, with volatility shrinking to a six-month low, and the ATR is flat on the ground - this usually only means one thing: a big move is coming.
The options market has already caught the scent, with the 3-month implied volatility maintaining at 52%, but the bullish skew continues to intensify, indicating that smart money is quietly positioning for an upward move.
Once it breaks above 111k, the measured target of the triangle flag points directly to 121k, just touching the historical high point support, a typical technical textbook-level play.
On the contrary, if the daily line falls below 101k, the helm will be handed directly over to the downside, with support looking at 98k or even 95k.
Regardless of whether it's bullish or bearish, this move must be planned; don't wait until the market explodes to regret it.
Now the question arises: will you wait for the breakout, or will you jump in early?
