$BTC #BTCUSDT - 1h Frame
📊 A converging triangle pattern is clearly forming. This pattern indicates a compression of price range, preparing for a strong breakout in the near future.
🔥 Notable points:
BTC has just swept liquidity below the support zone (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 $103,000 level → 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 seeking new buying pressure.
⚡️ In summary:
This is a critical zone. The market is in a “supply-demand test” phase before choosing a new direction.