March 26, 2025 Market Analysis $BTC
The big move is coming! The rising channel has transformed into a downward wedge, and currently, a 1-hour level oscillating triangle has appeared. I previously talked about what an oscillating triangle is; does anyone remember?
For new friends who are not clear about the oscillating triangle, let me explain it again. An oscillating triangle belongs to the range oscillation with compressed volume. In simple terms, it means a direction must be chosen: long or short!
The larger the triangle, the stronger the energy compression. As mentioned before, there is a detailed comparison in Figure 2. Beginners can learn from it!
Currently, although the small oscillating triangle can form a rising wedge if it breaks upwards, this rising wedge is occurring in a rising channel where the highs are getting less steep and the lows are getting higher. Therefore, based on the larger structure, we can infer that this small oscillating triangle is highly likely to lead to a decline. Even if it breaks upwards, it will likely spike up and then fall!
So I am bearish! In the short term, it may not be as outrageous as in Figure 1, but we can at least see the vicinity of 85500!
Trading advice: Enter short positions with a small amount, and add positions at 89200. The first target is around 85500, and after 85500, wait for further notice.
