Bitcoin Falling Triangle: Breakdown or Just Compression?
$BTC is trading inside a falling triangle — lower highs pressing against stable support. That usually signals pressure building, but not direction confirmed.
Here’s what matters 👇
Liquidity stacks above local highs. Price can sweep upward, trap breakout longs, then rotate lower if demand fails. That move is a liquidity grab — not automatic trend strength.
A move toward $58K only becomes valid if support breaks and holds below. Until then, it’s just compression.
What to watch:
• Acceleration on breakdown
• Weak rebounds
• Rising volume o