This 1-hour BTC/USD chart shows a symmetrical triangle pattern forming, signaling potential price consolidation before a breakout. Key observations:
Support: Multiple touches around the $101,400–$101,600 zone suggest strong demand.
Resistance: The descending trendline caps upward movement, currently near $104,000.
Current Position: Price is consolidating near the triangle apex, with bullish structure forming higher lows.
Bias: The chart shows a bullish breakout projection toward $105,694, with a short-term pullback possible before a breakout.
Indicators: Break of structure (BOS) and change of character (ChoCH) highlight bullish momentum building.
Support: Multiple touches around the $101,400–$101,600 zone suggest strong demand.
Resistance: The descending trendline caps upward movement, currently near $104,000.
Current Position: Price is consolidating near the triangle apex, with bullish structure forming higher lows.
Bias: The chart shows a bullish breakout projection toward $105,694, with a short-term pullback possible before a breakout.
Indicators: Break of structure (BOS) and change of character (ChoCH) highlight bullish momentum building.
Trade closed: target reached
Congratulations target achieved 
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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.