BTC Price is currently compressing inside a symmetrical triangle. With the range getting increasingly tight, we should see a decisive breakout sometime soon. For now, I favor a break to the downside, as yesterday’s attempt to push higher failed and instead turned into a liquidity sweep. Since then, we’ve seen a strong rejection, fueled by aggressive spot selling that continues to put additional pressure on buyers. If the lower boundary gives way, the projected breakdown target sits around $80.8k. That would also bring BTC directly into the area where my next bids for another long are placed. For now, I’m simply waiting for price to confirm a breakout into either direction.