$BTC
BTC is currently forming a descending wedge / compression pattern on the higher timeframe.
Price is making lower highs while the range keeps tightening. The important part isn’t the pattern alone—it’s the breakout.
🔹 Break above the upper trendline bullish confirmation
🔹 Break below the lower trendline bearish continuation risk
🔹 $57.8K remains an important support area
I’m not trading the pattern before confirmation. I’m waiting for BTC to show which side it wants to break.
Pattern gives the setup. Price action gives the confirmation.
#BTC☀
BTC is currently forming a descending wedge / compression pattern on the higher timeframe.
Price is making lower highs while the range keeps tightening. The important part isn’t the pattern alone—it’s the breakout.
🔹 Break above the upper trendline bullish confirmation
🔹 Break below the lower trendline bearish continuation risk
🔹 $57.8K remains an important support area
I’m not trading the pattern before confirmation. I’m waiting for BTC to show which side it wants to break.
Pattern gives the setup. Price action gives the confirmation.
#BTC☀