While many see this as a bullish bounce, my chart tells a different story.
✅ BTC is bouncing on a key trendline, but trapped below multiple EMAs
❌ No strong volume
❌ RSI still mid — not oversold
❌ Price capped by a descending resistance line
This is a classic descending triangle forming on the 1D chart.
🎯 Bearish Target: $97,333
🚨 If price breaks the trendline and closes below $105.5K, expect acceleration
🛑 Invalidation: Strong breakout above $107.6K
This is not financial advice. I’m sharing my sniper trade setup based on current structure and personal bias.
