$BTC Bitcoin is Making a Bullish Triangle in Bearish Trend! Breakout or Fakeout?
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Hey Traders!
On the 15-min BTC/USDT chart, we just spotted a bullish ascending triangle — but wait! The overall market is still bearish.
Let’s break down what this means and how it can go bullish OR bearish — so you don’t get trapped!
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What is this pattern?
📐 A bullish ascending triangle has a flat top and higher lows — like buyers are pushing price up again and again.
✅ It often breaks up — but not always!
In a bearish trend, this triangle can be a trap to catch buyers before dropping again!
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Bullish Case (Reversal Possible)
If price breaks above the triangle with a strong candle and big volume:
It might go up to 91,694 – 94,132 zone (marked $$$)
If it breaks and holds above that, trend might change to bullish
Rehan's Tip:
✔️ Wait for breakout
✔️ Watch for retest as support
✔️ If support holds, go long (buy)
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Bearish Case (Fakeout Trap)
If price breaks the triangle but:
Volume is weak
Or it quickly reverses from 91,224 zone
Then it’s likely a liquidity grab (bull trap) and price will dump again
Rehan's Tip:
❌ Don’t buy just on breakout
✔️ If price rejects from zone, it’s a smart money trap
✔️ Look for a sell setup after the fakeout
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Conclusion
Don’t rush in!
This triangle can go bullish or bearish, so we wait for confirmation.
Ask Yourself:
Who’s in control? Buyers or Smart Money?
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What do you think?
⚡ Breakout or Trap?
Drop your thoughts in the comments!
Follow Rehan Investment Pro for smart money analysis, daily chart breakdowns, and trading tips!
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This Content Is Only For Education Purpose 🌟 Am Not Providing Any Financial Advicement 🌟 Do your own research ❣️