Key Scenarios:
Bullish Scenario:
Bearish Scenario:
Conclusion:
Bullish Scenario:
- A breakout above the triangle at $91,000-$92,000 with high volume could push BTC toward $95,000 and potentially higher targets at $100,000.
- Continuation above the ascending yellow trendline supports the broader bullish case.
Bearish Scenario:
- A breakdown below $90,000 could lead to a retest of $88,000 or lower levels. Failure to hold at these levels might shift the short-term trend to bearish.
Conclusion:
- Short-Term Outlook: Consolidation within the triangle. A breakout above or below the triangle will likely define the next trend.
- Strategy: Traders should wait for confirmation of a breakout (above $92,000 or below $90,000) before entering significant positions. Volume and momentum indicators will be key to confirming the breakout direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.