#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.
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.
#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