2026-02-09 08:48:04

🚨 BTC: The Ascending Triangle Trap.

Action Plan

A classic squeeze with higher lows has formed on the 1-hour timeframe. By all accounts, this is an Ascending Triangle with an upward breakout. But the market is playing by different rules now.

Why I'm expecting a breakout DOWN:

Resistance Wall: In the $71,000-$73,000 range, there are solid limit sell orders – over 2,000 BTC. Breaking through such density without strong volume is impossible.

False Breakout (Short Squeeze): Overnight, we already saw an attempt to breakout upward, which ended with an immediate reversal. This is a classic example of short sellers landing before a real move in the opposite direction.

Whale Interest: At the bottom (see green zone on the chart), there are large limit buy orders. It's advantageous for the market maker to "slip" the price there to buy against retail panic.

Key trigger: If the price breaks below $69,500 and closes two 4-hour candles there (confirming the trade), the pattern is completely broken, and we rush to gather liquidity in the green zone. Entry is after the breakout! Of course, you need to monitor volumes and the whales' activity in the moment! Don't just blindly follow the pattern! That hasn't worked for a long time.#
#btc $ETH $GT $XRP #usdt #ltc #gold #silver.

ETH-4,56%

GT-2,27%

XRP-3,39%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes

Reward
1
1
Repost
Share

Comment

0/400

deltapro

· 2h ago

BTC is forming a sideways trend on lower timeframes: the upper limit has already been reached, or a spike to $73,000 is still on the horizon. However, the underlying trend is still corrective, and there's no point in talking about a break before it consolidates above $81,000 🕯

Reply1