The big coin is squeezed into a 'descending triangle'. Is it a build-up for a rebound or a head-cutting knife?

The big coin is currently steady at $104,781, just touching the 200-day moving average on the 4-hour chart ($104,861). In simple terms—riding on the edge of the wind.

The chart structure is worth paying attention to: currently, the big coin is stuck in a standard descending triangle, moving sideways.

Every rebound is being pushed lower from above, with high points continuously chiseling down; below, it is being supported around $103,343 without breaking, forming a horizontal support plate.

What does this structure generally imply? There is a high probability that bears are gathering strength waiting for the 'down hammer', unless the price can break strongly through the upper edge, leading to a 'fake dive counterattack'.

Key points:

$103,343 is the critical point; once lost, the space below opens up instantly;

If a rebound is desired, it must break through the pressure line in one go, otherwise, it will repeatedly exhaust emotions.

Don’t be fooled by the current sideways movement; once volume increases, the direction will be determined. The current question is: are you ready for the next wave of fluctuations?

Your judgment: is it a break down? Or a fluctuating rebound? Come to the comments section for a decisive battle!