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Bitcoin Trapped in a Falling Wedge at 77,000 USD: Why the Next Move Hinges on Breaking 78,000 USD

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9 thoughts on “Bitcoin Trapped in a Falling Wedge at 77,000 USD: Why the Next Move Hinges on Breaking 78,000 USD”

  1. third or fourth time buyers have defended 76,000 to 76,500 now. each bounce gets weaker tho, thats the part that worries me about this wedge

    1. fourth test of 76k with a weaker bounce each time is textbook distribution. wedge breaks down or that coinglass heatmap flushes first

      1. textbook distribution until its textbook accumulation lol. the 76,264 low holding while leverage builds usually means the flush targets the stacked shorts first

  2. 78,184 was the high and it died right under the wedge top. one clean 4h close above 78k and this resolves violently, either way

    1. clean 4h closes above resistance, in this market lol. wick to 78,184 then instant rejection, same movie every time

    2. every close above 78k this month got sold within two candles. ill believe the wedge break when a retest holds, not on the first wick

    3. agreed, the coiling is brutal. coinglass heatmap showing all that leverage stacked at 76k just means the sweep comes first imo

      1. the 76k shelf holding is the only reason im not fully out. flip side is the heatmap never lies, that leverage is getting taken

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