#BITCOIN is compressing inside a falling wedge on the lower timeframe after a strong impulsive move. This structure usually signals pause before expansion, not weakness. Price is respecting both trendlines cleanly, showing balance between buyers and sellers.



What matters now is how price exits this range.

🔼 Bullish breakout possibility

If $BTC breaks and holds above the upper wedge / 94,200–94,700 zone, momentum can quickly flip bullish again. That would confirm continuation and open the path toward:

94,800 (recent high)

95,300

96,000+ if momentum accelerates

Acceptance is key — one candle is not enough. Sustained price above resistance confirms strength.

🔽 Bearish breakdown risk

If price loses the 93,400–93,550 support with strong candles and volume, the wedge fails. In that case:

Expect a deeper pullback toward 92,900–92,500

Bulls would need to rebuild structure before continuation

This is a reaction zone, not a prediction zone.
Wait for confirmation, manage risk, and let the market show its hand.

Support: 93,400 – 93,550

Resistance: 94,200 – 94,700
BTC0,01%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)