$BTC Today’s 4-hour candlestick chart has formed a classic triangle convergence breakout while also breaking the descending channel.
Many folks see the breakout and want to chase the longs.
My take is exactly the opposite: this upward move is likely aiming to trigger shorts.
Why?
→ The triangle convergence has broken upwards, luring bulls and setting traps for shorts, a classic move by the whales.
→ Liquidation pressure is pretty strong between 79000-83000.
→ High liquidation pressure = whales can easily spike prices in either direction.
→ After the spike, we’ll revert to where we were; it’s a double kill for both longs and shorts.
📋 My strategy (open play):
🔹 Focus on shorting: Gradually position shorts between 79500-81500 (using an inverted pyramid layout 1:2:3:4 or 2:3:5 or 3:7).
🔹 If the market hits 82500, make sure to short it
🔹 No chasing breakouts: chasing long here has a very low risk/reward ratio.
🔹 Stop loss at 83500
📌 One-liner summary:
We're waiting for fish in the resistance zone.
Bearish outlook, wait for signals, don't FOMO.
When you see a triangle breakout, what's your first reaction, chase or wait?👇