$BTC A major market move may be coming!
Bitcoin has now reached the end of a descending triangle. Based on this pattern, it may choose a direction over the next two or three days.
However, given that the macro environment is still less than ideal, even an upside breakout may have limited room to run.
If the market breaks upward:
First, watch the area around $88,000. In a more optimistic scenario, it could reach $95,000, but be wary of a pullback once it gets there.
If the market breaks downward:
I think the downside is relatively limited, and the area around 77K is worth watching closely. It’s considered a cost basis zone for whale holdings, so there may be some support there.
The most important thing now isn’t to guess the direction, but to wait for price to actually break out of the triangle and then see whether volume confirms the move.
Keep a close eye on BTC’s direction over the next two or three days, and don’t blindly chase trades before the breakout.
Bitcoin has now reached the end of a descending triangle. Based on this pattern, it may choose a direction over the next two or three days.
However, given that the macro environment is still less than ideal, even an upside breakout may have limited room to run.
If the market breaks upward:
First, watch the area around $88,000. In a more optimistic scenario, it could reach $95,000, but be wary of a pullback once it gets there.
If the market breaks downward:
I think the downside is relatively limited, and the area around 77K is worth watching closely. It’s considered a cost basis zone for whale holdings, so there may be some support there.
The most important thing now isn’t to guess the direction, but to wait for price to actually break out of the triangle and then see whether volume confirms the move.
Keep a close eye on BTC’s direction over the next two or three days, and don’t blindly chase trades before the breakout.