Bitcoin is getting too tight now. Something big is coming in next 2 to 3 days.
I have been watching chart since morning. Bitcoin is compressing in one small range. All downside liquidity is already swept. There is almost nothing left below.
And upside. From 85k to 87k there is a huge stack of orders sitting. So price naturally wants to go where liquidity is. Falling wedge is also at its final apex now.
I am getting a strong feeling of a short squeeze here. We can see a quick 6 to 7 percent move to upside.
Second thing I am watching. The 50 day MA.
Remember 2023 and 2024. Every time BTC came to 50 day MA and retested, it pumped hard and made a new local high. Same story now. Last night it wicked below but buyers absorbed it instantly. They have defended this level 6 to 7 times in a row.
This is not just support. This is buyers showing they will not let it break.
And last thing. How to avoid fake breakout.
Personally I will wait for two things.
One. A clear break above the downward trend line.
Two. A break of previous regional high.
If both happen then breakout is real. Otherwise it can be fake.
And if it drops again, no need to panic. Below there is a high volume node where most volume was traded before. That will act as strong support and best accumulation zone.
So simple picture. Floor is solid with 50 day MA. Spring is getting tight with falling wedge. And magnet is sitting above at 87k.
Now lets see if history repeats again and we get another explosive rally from 50 day MA.
This is just my view. Not financial advice. What are you seeing on chart.
