📊 $BTC Technical Update: Symmetrical Triangle in Play

Bitcoin is currently consolidating within a symmetrical triangle pattern on the 1-hour timeframe. This setup indicates a potential breakout in either direction, but patience is key to avoiding false signals.

Key Levels to Watch:

  • Breakout: A move above the upper trendline could signal bullish momentum, with targets at the next resistance zones.

  • Breakdown: A drop below the lower trendline could indicate bearish continuation, with support levels to be tested.

Confirmation is Crucial:

Before entering a position, watch for a retest of the breakout/breakdown level. A successful retest validates the move and reduces the risk of a fakeout.

Strategy Tip:

  • Set alerts at key levels.

  • Wait for volume confirmation to ensure strong follow-through.

  • Manage risk with stop-losses just below/above the retest zones.

Stay sharp, and trade responsibly! 🚀

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