BTC/USDT – Symmetrical Triangle Breakout Potential
2025-02-08
Category: None

BTC/USDT – Symmetrical Triangle Breakout Potential 🚀

Bitcoin is currently consolidating within a symmetrical triangle on the 1-hour timeframe, signaling an imminent breakout. This setup presents a high-probability long opportunity with well-defined risk and reward levels.

Trade Plan:

✅ Entry Zone: Near the current price level
🎯 Take Profit Targets:

First TP: 97,210 USDT – Key resistance zone

Second TP: 99,593 USDT – Major breakout level
🛑 Stop Loss: 95,903 USDT – Below trendline support


🔍 Technical Outlook:

The price is respecting trendline support, indicating a strong base for a bullish move.

A breakout above resistance could trigger a rally toward 100K psychological resistance.

Volume confirmation will be key for momentum continuation.