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BTC/USDT – 2H Chart Setup
Bitcoin is grinding sideways within a tight symmetrical triangle formation. The pattern shows clear compression—descending resistance overhead meeting ascending support underneath, creating a classic squeeze scenario.
What's interesting: price is still perched above the lower trendline. This tells you buyers haven't given up defending that level, even if things look sleepy on the momentum front right now. Neutral doesn't mean indecisive forever though. These triangles typically break one way or the other, so watch for which side gives first.
The key playbook here—keep an eye on volume confirmation when we approach either boundary. False breakouts happen, but when real volume shows up, that's your signal the market is actually making a choice.