BTC/USDT Ascending Triangle Breakout Setup with Retest Entry
2024-12-04

This chart depicts a potential trading setup for Bitcoin (BTC/USDT) on a 4-hour timeframe. It shows an ascending triangle pattern, a bullish continuation pattern, where price is consolidating with higher lows against a horizontal resistance line. The marked entry point suggests taking a position after the price breaks out of the pattern and retests the breakout level, confirming support. The chart includes a stop-loss (SL) level slightly below the triangle for risk management and a projected target at $108,082, indicating the bullish breakout's potential upward price movement