Technical analysis by MyTradingJournal6th about Symbol BTC on 7/8/2025

Structure & Price ActionBTC is consolidating within a symmetrical triangle (red trendlines).Price is squeezing near the apex, suggesting an imminent breakout.Strong defense at ascending channel support (~108K zone) + green trendline.Lower highs indicate sellers still active, but higher lows reflect buyer strength too.Price bounced from previous demand block (green box), now pushing toward resistance.📊 Indicator ConfluenceRSI: Curling up from mid-range (~52–55), no divergence, neutral-to-bullish tilt.DMI/ADX: ADX rising slightly, -DI weakening vs +DI → potential trend shift brewing.MACD: Histogram flat; momentum hasn't confirmed either side yet.Wave Trend: Bouncing from mid-line, bullish cross may form if price breaks triangle.Volume: Gradual decline = typical pre-breakout compression. Watch for spike.Stochastic: Flipped bullish from oversold — early bullish bias.🎯 Summary & Probabilities:BTC is coiling near triangle apex — breakout likely soon.🔼 Break above 109.4K with volume → 60% chance of move to 110.5K–111.5K.🔽 Drop below 107.9K → 40% chance of fall to 106.3K–104.4K.Bias: Neutral-to-bullish — confirmation needed.