$BTC 【Bitcoin Tightening Triangle Structure Is Converging—Will It Break Through?】
Bitcoin is currently trading at a price of 84,300+.
You can see that the big coin is forming a triangle convergence structure. There are signs of a breakout near the upper band. As the U.S. stock market is about to open, will it break through in one move? If it breaks the upper band, the outlook remains for the 85,000–85,300 resistance zone. If it breaks through, the probability increases; otherwise, it may once again test the lower band before breaking out.
In short, a downward-converging triangle structure is generally bullish. Whether it breaks through tonight or continues to dip toward the lower band, the outlook remains that a breakout is likely. Still bullish on another push toward 87,000.
$ETH $QNT
Bitcoin is currently trading at a price of 84,300+.
You can see that the big coin is forming a triangle convergence structure. There are signs of a breakout near the upper band. As the U.S. stock market is about to open, will it break through in one move? If it breaks the upper band, the outlook remains for the 85,000–85,300 resistance zone. If it breaks through, the probability increases; otherwise, it may once again test the lower band before breaking out.
In short, a downward-converging triangle structure is generally bullish. Whether it breaks through tonight or continues to dip toward the lower band, the outlook remains that a breakout is likely. Still bullish on another push toward 87,000.
$ETH $QNT
