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.
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ETHmaxi_NoFilter
· 10h ago
The squeezing triangle is back again. Will it really break this time? Every time, they say to choose a side and take a stand, but it just keeps dragging on...
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GasFeeCrying
· 15h ago
Squeezing in the middle, waiting for a breakdown. This time, it depends on the trading volume to speak.
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DeepRabbitHole
· 15h ago
Triangle grinding, just wait for that moment to break out, what about the direction of betting?
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SandwichDetector
· 15h ago
Another boring squeeze pattern. Do I really have to wait for volume to believe it? History has shown that false breakouts can fool a lot of people.
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.