BTC/USDT 1-hour chart from rising triangle pattern, which is generally considered a bullish continuation pattern. Here's a breakdown:

Pattern: Ascending Triangle

Resistance: ~104,361 USDT

Higher Lows: Indicated by the ascending trendline, showing buying pressure is building.

Price is currently at 103,190.47, below the resistance zone.

RSI (Relative Strength Index):

RSI(6) = 54.92: This is neutral to slightly bullish — not overbought or oversold, indicating there's room for movement in either direction.

Scenarios:

Bullish Breakout (Above 104,361):

If the price breaks and closes above the horizontal resistance with volume, it could signal a strong upward continuation.

Potential target: Measure the triangle height (~5,270 USDT) and add it to the breakout point (~104,361) → Target: ~109,600 USDT

Bearish Breakdown (Below trendline ~102,300):

If the price breaks below the rising trendline, it could suggest a reversal or pullback.

Support levels to watch: 101,146 and 100,000

Conclusion:

Wait for confirmation of breakout or breakdown before entering.

Use tight stop-loss if trading the breakout to manage risk.

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