BTC/USDT – Rising Wedge Breakdown Looms Near $110K

Idea Summary:
Bitcoin is compressing in a rising wedge on 1D/4H timeframes, approaching resistance around $ 110K–$ 112K. We’re seeing bearish divergence on RSI and MACD, declining volume, and sentiment cooling—signaling a potential breakdown.

Key Confluences:
• Rising wedge pattern (bearish reversal during uptrend) with converging trendlines and falling volume
• RSI divergence: price rising, RSI flattening/declining
• Volume behavior: weaker rallies, distribution-style setup near highs
• Sentiment neutralizing: Fear & Greed Index slipped from ~74 to ~55–60
• Macro backdrop: U.S. inflation cooling, Fed pause in rate hikes → but upcoming FOMC brings volatility risk

Conclusion:
BTC is near a wedge apex with short-term bearish structure forming. A breakdown could test $ 90K–$ 75K, whereas a break above $ 112K invalidates the setup. 📉
Trigger zones:
• Breakdown < $ 105K → triggers short
• Breakout > $ 112K → stop out & pause

💬 Thoughts? Breakdown or breakout next?