Bitcoin
$BTC faces rejection at the horizontal supply zone of an ascending triangle, while the 100MA continues to act as immediate support beneath spot. The market is compressing. A decisive move below the moving average would likely expose additional short-term downside, but a strong reclaim above the pattern would invalidate the current bearish pressure and confirm bullish continuation.
What matters here is not the pattern alone, but the liquidity map around it. Retail is focused on the visible resistance, yet the more important signal is whether buyers are absorbing supply or simply being used as exit liquidity into strength. If the 100MA fails, that is a structural warning that momentum is rolling over and lower liquidity pockets may be targeted. If price breaks cleanly through the ceiling, shorts are forced to cover and capital can rotate back into trend participation.
The next session will likely be decided by whether buyers can defend the 100MA and reclaim the upper boundary with conviction. Until that happens,
$BTC remains in a compression phase with directional risk still elevated.
Not financial advice. For informational purposes only.
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