Bearish Rejection.$BTC price attempted to break out above the descending resistance but failed, leaving behind long upper wicks that indicate sellers are defending this level heavily.
The Pattern: Symmetrical Triangle Squeeze. The market is compressing tightly between lower highs (white line) and higher lows (green line), signaling a massive volatility move is building up.
Momentum: Neutral-Bullish. The RSI is at 58.45, meaning buyers still hold minor control, but lack the strength to trigger a clean breakout.
Trigger Strategy:
Buy (Long): Wait for a full 4H candle to close above the white resistance line.
Sell (Short): Watch for a 4H candle to close below the green ascending support line#NvidiaQ1RevenueLiftsBitcoinMiners #GrayscaleAcquires510KHYPEForStaking #USCongressRevivesCryptoTaxExemptionStudy #PolymarketToLaunchParlayContracts #GoogleLaunchesGemini3.5Flash