Falling wedge spotted on $BTC . Bullish breakout incoming. K | Purrgle on Binance Square

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Falling wedge spotted on $BTC . Bullish breakout incoming. Keep an eye on this setup.

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BTC

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+0.34%

425

0

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Traders are increasingly hedging against a pullback to $100K as macro uncertainty rises. On Deribit, the put-to-call volume ratio jumped to 2.17 in the past 24 hours, showing strong demand for downside protection. Short-dated puts expiring June 20 are seeing the most action, with $100K strike puts leading open interest. The put-to-call ratio for this expiry stands at 1.16, pointing to caution in the near term. Despite the jitters, Bitcoin is still trading above $104K, down from its May 22 all-time high of $111,980, but up over 50% since Trump’s re-election. $BTC

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🚨 FOMC meeting is happening today! The Fed's about to decide, rate hike, pause, or a cut? What do you think will happen? Cast your vote and let’s track market sentiment. #FOMCMeeting

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$BTC has officially broken down from the symmetrical triangle. If price closes or retests below, expect more downside. But if bulls push it back inside fast — that’s your bullish revival signal. Eyes on the close. #MyTradingStyle #MarketSentimentToday

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Analysis shows Bitcoin following a 3-year growth, 1-year consolidation cycle. If the pattern holds, 2025 could bring a 120% gain — marking $205K as the cycle top. $BTC #MyTradingStyle

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This is Bitcoin’s 4th Cycle. The bull run isn’t over — NOT EVEN CLOSE! Why panic now? Zoom out. History repeats itself. Stay focused. Stay bullish. 🚀 __________ #GENIUSActPass #bitcoin #MetaplanetBTCPurchase

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