Not personally trading this, but risk/reward looks good.
Drawn using wicks. No Analysis, just some reference levels to be aware of.
Just some simple wedge possibilities for Bitcoin on short timeframe. Watch the breakout points and be careful not to get trapped.
BTC price has been repeatedly rejected over 9k, creating a flat upper trend line for a possible ascending triangle scenario.
If history continues to repeat itself, something like this may play out.
Expecting support at the trandline around 7600 for at least a small bounce out of the falling wedge before Bitcoin is squeezed into the nose of the larger macro triangle triangle. Tight stop and modest target with decent enough R/R for a quick scalp.
My first chart, go easy on me. Idea from trader Remind.