#BTCUSDT - 1h Frame
📊 The converging triangle pattern is clearly forming. This pattern indicates a compression in price range, preparing for a strong breakout in the near future.
🔥 Key points:
BTC just had a liquidity sweep below the support area (gray box) but immediately bounced back → a sign of shaking off weak long positions before a strong rebound.
❗️ Main scenario:
If BTC stays above the area of 103,000$ → prioritize the breakout scenario upwards.
Breaking above 105,000$ → target expands around $110,000.
⏳ Bad scenario:
If it breaks below the gray box → the possibility of retesting 100,000$ before looking for new buying force.
⚡️ In summary:
This is a key area. The market is in a phase of "testing supply-demand strength" before choosing a new direction.
🎯 Closely monitor the breakout!