Over the past few days, $BTC has been trading inside a symmetrical triangle. This triangle is getting narrower and narrower and is about to reach the apex.

Last night, $BTC broke out from the upper edge of the triangle and formed one or two candles, showing upward momentum. But then it re-entered the triangle.

This breakout and then retracement trend shows that the direction of $BTC is not clear at this time, and it is difficult to determine which direction it will break out next.

This triangle is about to converge, so Bitcoin may break out from above. It is recommended to pay close attention to the period from August 24 to 26, as important trends may occur.