🟢
$BTC /USDT Ascending Triangle Analysis: Next Move! 🔺💹
BTC is currently forming an Ascending Triangle Pattern, which typically indicates a Bullish Breakout. Let’s dive into the details of what might happen next!👇
---
🔎 Key Observations
1️⃣ Resistance Level:
BTC is repeatedly facing resistance at 98,976.91. A breakout above this level could trigger a big rally! 🚀
2️⃣ Support Line:
BTC is consistently forming Higher Lows, signaling strong Buyer Momentum. 👍
3️⃣ Volume:
If a breakout happens, expect it to be accompanied by High Volume, which will strengthen the movement. 📈
---
📊 Possible Scenarios
✅ Bullish Scenario (Breakout):
If BTC breaks and closes above the 98,976.91 resistance, it could easily surge toward 99,500–100,000. 🤑
This level may act as a psychological barrier, but strong buyers could push the price even higher. 💥
❌ Bearish Scenario (Rejection):
If BTC gets rejected at the resistance, it will likely drop towards the Ascending Trendline.
The next support levels are 96,778.24 and then 94,232.40. 🛑
In this case, Sell Pressure could increase. 😟
---
💡 Trading Tips for Safe Moves:
📍 Wait for Confirmation:
Do not enter a trade until a breakout or rejection is confirmed. 🕒
📍 Use Stop Loss:
Set a Stop Loss below the support level to manage your risk. ✅
📍 Observe Volume:
Ensure there is High Volume during the breakout. Without volume, the movement could be fake. 📉
📍 Next Target Zones:
For a breakout, the target is 99,500–100,000.
For rejection, the target is 96,778.24 or 94,232.40.
---
🔥 Final Thoughts:
BTC is at a crucial point right now. A breakout could lead to a big movement. However, if rejected, caution is necessary. 📉📈
#
$ETH $XRP What do you think? Share your thoughts in the comments! 📝
#Crypto #BTCUpdate #TradingView 🤑
#CryptoReboundStrategy #BitcoinHashRateSurge