See my investment portfolio's profits and details. Follow for investment tips #BTCUSDT - 1h frame
📊 A converging triangle pattern is forming clearly. This is a pattern that shows a compression in price range, preparing for a strong breakout in the near future.
🔥 Notable points:
BTC 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 zone of 103,000$ → prioritize the breakout scenario upwards.
Breaking above 105,000$ → target expands around 110,000$.
⏳ Bad scenario:
If it breaks through the gray box zone → the possibility of retesting 100,000$ before finding new buying power.
⚡️ In summary:
This is a critical zone. The market is in the phase of “testing supply-demand strength” before choosing a new direction.