🔍 BTC tightening inside a symmetrical triangle — A breakout is coming 🚩
🔸Bitcoin is currently compressing between converging trendlines, forming a symmetrical triangle.
🔸Price is sitting right below key moving averages, all clustered overhead.
📉 Support zone: Around $103.4K, marked by multiple rejections and higher lows.
📈 Resistance zone: Around $105K–$105.5K, aligning with the triangle top + 20MA + 50MA = heavy confluence.
🔸This setup suggests volatility is building, and a strong move is near.
What to watch 👀
🔹 A breakout above $105.5K could trigger momentum toward $108K and beyond.
🔹 A breakdown below $103.3K would invalidate the structure and likely lead to lower support tests.
MAs acting as resistance show the market is still under bearish pressure — but tight price action like this often leads to explosive resolution.
Are you positioned for the breakout?
Bullish or bearish — drop your bias below 👇📉📈
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