Monthly Support Holding | High-Reward Setup Ahead | Binance Square Family
📉 BTC/USD Hits Monthly Support – Falling Wedge Spotted
Bitcoin has just tapped into its key monthly support at $73,800, and price action has now formed a classic falling wedge pattern — a structure that typically signals bullish reversal potential.
This wedge, forming after a healthy correction, could be the foundation for a major breakout in the coming weeks.
---
🧠 Technical Breakdown
✅ Monthly Support: $73,800
✅ Pattern: Falling Wedge
✅ Breakout Target: $110,900
✅ Structure: Tight price compression, signaling potential reversal
✅ Bias: Bullish – if wedge breakout confirms with volume
This is a higher timeframe pattern and may take time to play out — but the risk-reward ratio is strong for those who spot the setup early.
---
🛡️ How to Approach This Setup
Watch for breakout confirmation above the wedge resistance
Use volume and momentum indicators to validate the move
Plan entries and risk carefully – wedges can fake out before breaking properly
> This is not financial advice – just a technical insight for fellow Binance Square traders.
---
🚀 Final Thoughts for Binance Square Family
Bitcoin is sitting on monthly support, and the wedge formation gives the market a potential bullish structure to rally from. If confirmed, this move could lead BTC toward the $110,900 target zone.
Stay focused, trade with conviction, and trust the patterns – not the noise.
---
Smart entries. Clear structures. Proper risk.
#Bitcoin #BTCUSD #FallingWedge #CryptoPatterns #BinanceSquare #TechnicalAnalysis #BTCBreakout