BTCUSDT 1D

📈 Both the Ascending Triangle and Falling Wedge are in play for #BTC.

🔻 Biggest Crypto Hack in History & Market Turmoil:

🔴Yesterday, the largest crypto hack in history occurred.
🔴Today, $927 billion was wiped out from the US stock market.
🔵Yet, Bitcoin is still holding support.

👉 What does this mean?
It mostly means that whales have shaken out the weak hands once again.


📊 What Do We See on the Chart?

✅ Bitcoin failed to break the $98,000 resistance, which aligns with:
🔴The falling wedge resistance
🔴The daily MA100

✅ Support Levels Holding:
🔵Ascending triangle support line
🔵Daily EMA100


🚀 Bullish Scenario
If Bitcoin breaks the $98,000 resistance, the next major target is 🎯$108,000 (ascending triangle resistance).
A breakout from there could push BTC towards:
🎯 $112,800
🎯 $117,500
🎯 $124,000


⚠️ Bearish Scenario
While less likely, a breakdown below the falling wedge, ascending triangle, and daily EMA100 could send Bitcoin toward Support Zone 1, which aligns with the daily MA200.


🛠 Best Trading Approach in This Situation
1️⃣ Avoid futures trading – high volatility increases risk.
2️⃣ Use a tight stop-loss – protect your capital.
3️⃣ Stick to spot trading – always keep some USDT available for opportunities.

Stay sharp, and trade wisely! 🔥🚀