Bitcoin Rising Wedge: Short-Term Dip or Buy Opportunity
A rising wedge often signals that momentum is slowing down during a price correction. This pattern usually leads to a drop in price. However, since the bigger trend (weekly and monthly) is still bullish, any drop may just be a short-term dip before Bitcoin$BTC continues its upward move.
That’s why this wedge should be seen as a local setup, not a major trend reversal. If there’s a breakdown, it might actually offer a good opportunity to buy again, especially with support from the higher timeframes.
Yes, we could see a dip — maybe even a sharp one — but it could set up the next strong long position.
🎯 Important Price Levels to Watch
📊 Current Price (BTC/USDT):
105,325.2 (▼ -0.52%)
🧠 Key Insights:
First Support to Watch: 104,480 — still inside the wedge. If there's strong volume here, price may bounce toward the 106,844 level.
If that area doesn’t hold, we could see a deeper correction. Watch lower support zones carefully.
The 105.6K–105.8K area is very important. It acted as a major volume zone in earlier liquidations and now serves as a key battle zone between buyers and sellers. At the moment, Bitcoin is below this zone.
Let’s watch closely — whether it’s a bounce or a breakdown, the next move could offer a solid trading opportunity.
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