$BTC in 4H chart shows price currently consolidating under a symmetrical triangle pattern, with lower highs and higher lows indicating indecision and compression. Recently, BTC attempted to reclaim the support but failed to sustain momentum, which have turned bearish, confirming downside pressure. Price is currently testing the lower triangle trendline and hovering near the 102,700 level.
Three possible paths lie ahead (IN A SHORT PERIOD):
1. Green path (bullish): A clean breakout above the triangle, followed by a successful retest, could trigger a move higher into July and retest the recent weekly highs.
2. Yellow path (neutral-failure): BTC breaks slightly above but fails to create a new high, then rolls over, confirming bearish momentum.
1. Red path (bearish): BTC breaks down from the triangle, rejects from below, and targets the Strong Low area around 100,000.
As the bullish momentum struggles to sustain, short-term bias leans bearish. But with price compressing this tightly, the breakout direction could define the trend for weeks. Eyes on the triangle.
No financial advice.
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MAKE IT BULLISH FOR $BTC !!!
