#BTCUSDT - 1h Chart
📊 A converging triangle pattern is clearly forming. This pattern indicates a compression in price range, preparing for a powerful breakout in the near future.
🔥 Key points:
BTC just executed a liquidity sweep below the support area (gray box) but immediately rebounded → a sign of shaking off weak long positions before a strong bounce.
❗️ 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$.
⏳ Bad scenario:
If it breaks below the gray box → possibility of retesting 100,000$ before looking for new buying power.
⚡️ In summary:
This is a crucial area. The market is in a phase of "testing supply-demand strength" before choosing a new direction.