📍All Eyes on $119,300
Why? Because that’s the line that could break the bearish narrative.
A clean push above = bulls showing real strength — not just surviving, but swinging.
It might look like BTC is doing nothing… but under the hood, the chart is very much alive.
If bulls can’t break the descending trendline, it’s not just hesitation — it’s exhaustion.
And when bulls run out of gas?
The High-Powered Short Zone starts pulling like gravity.
—
🔸 Chart Patterns in Play
🟥 Bear Flag / Distribution Box
• Price is consolidating beneath a lower high + descending trendline
• Every rally attempt has fizzled inside the Exhaustion Zone
• Repeated failures at $119,300 = a clear ceiling
🟩 Coil Within Compression
• Higher lows pushing up against downtrend resistance
• Price is coiling tight — and compression always precedes expansion
• A breakout (or breakdown) is coming… the spring’s loaded
—
🧭 What to Watch
🔓 Break above $119.3K with volume = bull momentum resumes
❌ Break below $117K = bear flag confirmed → welcome back to the High-Powered Short Zone
—
Stay Sharp. Don’t confuse quiet charts with quiet outcomes.
BTC is gearing up for a move that won’t whisper.
Why? Because that’s the line that could break the bearish narrative.
A clean push above = bulls showing real strength — not just surviving, but swinging.
It might look like BTC is doing nothing… but under the hood, the chart is very much alive.
If bulls can’t break the descending trendline, it’s not just hesitation — it’s exhaustion.
And when bulls run out of gas?
The High-Powered Short Zone starts pulling like gravity.
—
🔸 Chart Patterns in Play
🟥 Bear Flag / Distribution Box
• Price is consolidating beneath a lower high + descending trendline
• Every rally attempt has fizzled inside the Exhaustion Zone
• Repeated failures at $119,300 = a clear ceiling
🟩 Coil Within Compression
• Higher lows pushing up against downtrend resistance
• Price is coiling tight — and compression always precedes expansion
• A breakout (or breakdown) is coming… the spring’s loaded
—
🧭 What to Watch
🔓 Break above $119.3K with volume = bull momentum resumes
❌ Break below $117K = bear flag confirmed → welcome back to the High-Powered Short Zone
—
Stay Sharp. Don’t confuse quiet charts with quiet outcomes.
BTC is gearing up for a move that won’t whisper.
For crypto charts, trading insight and the patterns in my head.
Follow on X: @TheAlphaView
🧠Stay Sharp! Stack Sats!🪙
Follow on X: @TheAlphaView
🧠Stay Sharp! Stack Sats!🪙
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For crypto charts, trading insight and the patterns in my head.
Follow on X: @TheAlphaView
🧠Stay Sharp! Stack Sats!🪙
Follow on X: @TheAlphaView
🧠Stay Sharp! Stack Sats!🪙
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.