
Bitcoin is tightening up and forming a Symmetrical Triangle on the 4H timeframe. Price is compressing between descending resistance and ascending support â volatility is dropping, and a breakout is brewing.
đ Current Structure:
⢠Lower highs pressing down
⢠Higher lows pushing up
⢠Range getting tighter
⢠Liquidity building on both sides
⥠What to Watch:
A symmetrical triangle is a continuation pattern most of the time, but confirmation is key.
â Bullish Scenario:
4H close above descending trendline â Momentum push toward 69Kâ71K resistance zone
â Bearish Scenario:
Break and close below ascending support â Sweep toward 63Kâ64K liquidity
Volume expansion will be the confirmation signal. No volume = fakeout risk.
đ Patience is key here. Let the breakout happen â donât front-run it.
Whatâs your bias â upside breakout or downside sweep? đ
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