ANALYSIS #BTC /USDT
Bitcoin on the 4H timeframe is forming a large symmetrical triangle pattern, narrowing within a global consolidation range. The price shows a downward trend in local highs but finds stable support at the level of $98,261.
📊 Key levels:
Resistance: $106,187 — $110,715 — $111,826
Support: $98,261
Balance point: $103,488
🔍 Technical signals:
The price continues to move within a narrowing triangle, approaching the lower boundary.
The Ichimoku cloud is above the price, indicating a predominance of bearish sentiment, but reversal signals are forming.
The Parabolic SAR is above the current candles, confirming the bearish phase.
Bollinger is narrowing, which predicts a surge in volatility.
📈 Forecast:
If BTC respects the triangle's support and forms a bounce, a test of resistance at $106K–$111K is likely, which will open growth potential up to $118K.
A breakout below $98,261 activates a bearish scenario and will lead to a deeper correction.
💡 Conclusion: Bitcoin is entering a phase of decisive compression. Watch the price reaction at the lower boundary of the triangle — this is a key moment for determining the next impulse.
$BTC #MarketPullback #USNationalDebt #SwingTradingStrategy #PowellVsTrump