$BTC is squeezing tight right now big move coming very soon Are you Ready ? 👀
Look at this 1H chart. Bitcoin shot up to $79,500 a couple days ago but since then it keeps making lower highs. At the same time the bottom support at $76,800 is holding strong. This pattern is called a descending triangle basically BTC is getting squeezed into a corner and one big candle will decide the next direction.
I am watching two levels only. If BTC breaks above $78,400 with a strong candle close I am buying target $79,500 then $80,200. If it falls below $76,800 I am not touching it and waiting for $75,000 area. Simple as that. No need to overcomplicate it.
Fundamentals are still bullish. Halving cycle is running, ETF money keeps coming in, and long term holders are not selling. So my bias stays bullish unless the chart proves me wrong.
Entry: $78,400 | TP1: $79,500 | TP2: $80,200 | SL: $77,600
Max risk 2% of your capital. R:R = 1:2.5
What do you think up or down from here? Drop your view below. Follow me for daily signals like this.