#BTC #USDT $BTC $USDT
Bitcoin is consolidating
currently within a symmetric
triangle on the 4-hour chart,
showing signs of a possible
breakout. After a strong rebound in
early July, BTC has entered a
compression phase, forming
decreasing highs and lows, a
classic setup for a volatility
breakout.
The price is moving near the
vertex of the triangle, suggesting
the imminence of a decisive
movement. The 50 and 100 EMAs act
as dynamic support, helping
bulls maintain control of
the structure. A breakout above
the descending trend line
could initiate a sharp movement
towards the target zone of
$130,000-$133,000.