Morning Traders! 👋
$BTC has been stuck in the same tight range for days, and many are wondering when the next move will come. What’s happening is simple: price is consolidating inside a box—trapped between the previous day’s high and low. Those daily highs and lows act like invisible walls, and although price has tried to break through with several wicks, none of the candles have closed outside. And that’s the key: wicks are attempts, but only a full candle close confirms a real breakout.
First, we want to see price close above or below the previous day’s level. Then, we watch for a breakout beyond the broader range. If that breakout holds—no quick reversal—we look for price to move to a major level: either a prior swing high or a previous area of heavy trading, like the $110k–$107k zone. That’s the structure behind an A+ breakout trade. Everything you need is on the chart.
Where do you think BTC heads next? 🤔
📊 Lower 17% | 👉 Higher 83%
(11,781 voted)
BTC MARKET UPDATE :
$BTC is consolidating within a tight range, bounded by the previous day’s high and low—acting as key support/resistance levels.
Multiple wick attempts have failed; a confirmed breakout requires a full candle close outside this range.
Breakout Plan:
Wait for a daily close above/below the prior day’s range.
Confirm continuation beyond the broader range (no quick reversal).
Target major levels: prior swing highs or heavy trading zones (e.g., $110k–$107k).
Sentiment: 83% bullish, 17% bearish (11,781 votes).