$BTC: Wedge Breakout and Ascending Channel Power 🚨
The H4 chart shows Bitcoin navigating a series of structural shifts, transitioning from a large Triangle pattern into a sharp ascending Wedge pattern. Bulls are currently defending the lower support line of the rising channel, putting late short sellers at high risk of a squeeze towards the upper red resistance boundary.
📊Data:
• Pattern: Wedge pattern
• Support: 76000
• AI Target:
We are watching for a minor local dip to solidify support before the next explosive move toward the psychological 85000 level. Do you think this wedge leads to a new all-time high this week, or is a breakdown imminent?
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