Bitcoin has printed a Falling Wedge on the 4Hr timeframe — a classic bullish reversal pattern, but only valid if we get a breakout confirmation.
🔻 Price has been grinding down inside a narrowing wedge from the $108K high
🔹️Each bounce is getting weaker, but the lows are also converging upward
🧠 Market Psychology:
Bears dominate short-term, but momentum is fading
Smart money watches for breakout above the wedge’s upper boundary to trigger momentum shifts
Trap risk remains if #BTC breaks down first before reversing — be patient
🔍 Key Levels:
⚠️ Upper wedge resistance: ~$104.5K–105K → needs clean breakout
🧱 Support: ~$101.8K–102K → this is wedge base and must hold
🚀 Breakout target (measured move) = $108K–110K zone
🎯 STRATEGY OUTLOOK
🔵 Bullish Case:
✅ Long only after breakout + candle close above $105K
🎯 Targets: $107.5K → $110K
🛑 Stop below wedge re-entry = safe risk
🔴 Bearish Case:
Breakdown from $102K = fake wedge → possible drop toward $100K psychological support
Re-evaluate structure if rejection continues
📌 Conclusion: $BTC is nearing the apex of this wedge — a decisive move is coming. Don’t front-run it. Wait for the breakout confirmation. If it breaks out, the momentum could shift fast — don’t sleep on it.