🔻 BTC/USDT — Descending Triangle. Preparing for a Break?
On the chart #BTCUSDT (4H), a clear formation of a descending triangle is observed. The upper trend line is pressing on the price, and the volume is gradually decreasing — a classic precursor to a potential breakout.
📉 Target for downward movement: $106,100 – $101,700
🔺 Cancellation of the downward scenario: breakout of the level $119,876
📊 Key levels:
Resistances: $117,874 / $114,551 / $113,422
Supports: $110,694 / $107,723 / $106,108 / $101,712
⚠️ Decreasing volume hints at a possible strong movement in the coming days.
This idea is not financial advice. DYOR.
