$BTC is coiled hard at the triangle apex, and sellers already look tired.


The flush to the $59K area cleaned out the weak longs, and since then every dip has been met with absorption. That’s left BTC grinding in a tight higher-low / lower-high range, with volume drying up and the structure getting more compressed by the day.
I’m watching this apex closely. When price gets this squeezed, the next move usually comes fast. The bearish side has lost momentum, and shorts leaning on this range can get trapped if the upper diagonal gives way.
For now the main thing is simple: if BTC keeps holding above the rising support, the squeeze setup stays alive. A clean 4H close back below $62.6K would weaken this read fast.
BTC-2.81%
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