$BTC Price is compressing inside a symmetrical triangle around 69.8K. A breakout from this structure could trigger the next move.
Bearish Scenario (More likely)
Entry: 69,200 breakdown
Stop Loss: 70,050
Targets:
TP1: 68,500
TP2: 67,700
Reason:
• Lower highs forming inside the triangle
• Strong sell walls around 70K+ in the order book
• Liquidity sitting below 68.5K
Bullish Scenario
Entry: 70,200 breakout
Stop Loss: 69,400
Targets:
TP1: 71,000
TP2: 72,400
Reason:
Break above the triangle could trigger a liquidity sweep above 70K.
Plan: Wait for the breakout. Avoid trading inside the triangle where price tends to chop and trap traders.
BTCUSDT
Perp
71,970.3
+2.88%