A while back I posted this analysis when Bitcoin was consolidating in a tight range — what I called the “cage.” The setup was clear: price was coiling, and a breakout was only a matter of time.
Today, BTC hit the first target I laid out in that post.
we’re now at a critical decision zone.
BTC is sitting on resistance from the previous bottom. This is the area that will decide everything:
Break above = bullish trend continuation, the bridge trend holds
Rejection here = return to bearish structure
Volume is key. Watch it closely. A breakout without volume is a trap. A breakout WITH volume is confirmation.
Stay patient. Let the chart speak.
Not financial advice.
u/BendNo2750 — 7 days ago