Monthly Support Holding | High-Reward Setup Ahead | Binance Square Family
📉 BTC/USD Hits Monthly Support – Falling Wedge Spotted
Bitcoin has reached its critical monthly support at $73,800, forming a falling wedge—a classic bullish reversal pattern seen after healthy corrections. This setup hints at a potential major breakout in the weeks ahead.
🧠 Technical Breakdown
Support Zone: $73,800
Pattern: Falling Wedge
Breakout Target: $110,900
Structure: Tight compression, signaling reversal pressure
Bias: Bullish (on volume-backed breakout)
This is a higher timeframe formation, requiring patience—but the risk-to-reward is compelling for early spotters.
🛡️ How to Trade This Setup
Monitor for a breakout above wedge resistance
Confirm with volume and momentum indicators
Manage risk wisely – wedge patterns often fake out before the real move
Disclaimer: This is not financial advice. Always do your own research and trade responsibly.
🚀 Final Thoughts
Bitcoin sits firmly on monthly support, with a bullish wedge structure offering an opportunity for strong upside. If confirmed, the $110,900 zone becomes a realistic target.
Smart entries. Clear patterns. Disciplined risk.
Trade the setup – not the sentiment.