🚨 $BTC CRITICAL ALERT: Symmetrical Triangle Breakout or Bull Trap? (4H Perp Chart)
📊 Pattern Breakdown
🔷 Symmetrical Triangle:
Converging orange trendlines (compression)
Upward breakout at $119,200
🎯 Key Levels:
Bull Target: $122K–$124K (blue supply zone)
Bull Trap Risk: Rejection → Drop to $114K–$115K demand
Nuclear Scenario: Fall to $110K–$112K accumulation zone
⚡ Trading Plan
✅ Bull Case:
Hold above $121K = Continuation play
Confirm with strong volume & closes
⚠️ Bear Case:
Wick into $124K → Close below $120.5K = Trap confirmed
Target $114K (liquidity grab)
🔍 Why This Matters
1️⃣ Liquidity Game: MM’s likely hunting stops above $124K
2️⃣ Volume Watch: Thin bids between $119K–$124K = volatile
3️⃣ HTF Context: Daily still bullish (pullback = buying opp)
🛠️ Confirmation Tools Needed
• Liquidation heatmap (cluster zones)
• OI changes (spot vs. leverage divergence)
• 1H/4H candle closes