๐จ $WBTC /BTC: On-Chain Peg Pressure or Breakout Loading? ๐จ
$WBTC is hovering just shy of its BTC peg at 0.9993, with low volatility hinting at a potential sharp move. Despite minimal fluctuations, the Parabolic SAR shows pressure building up.
This tight range could be the calm before the breakout.
๐ Key Levels to Watch:
Entry Zone: 0.9990 โ 0.9993
Target 1: 0.9998 (Immediate Resistance)
Target 2: 1.0003 (Psychological Breakout)
Target 3: 1.0011 (Extended Upside)
Stop Loss: Below 0.9985
๐ With BTC market sentiment improving, this peg play could attract arbitrage and speculative positioning. Stay sharp โ even a slight deviation can offer clean scalp setups.
