Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#Strategy加仓BTC XRP trend falls into a "triangle squeeze"—space is compressed to the extreme, and a reversal is imminent?
$BTC $XRP
Looking at this trend, the price is tightly constrained by three key support levels, with volatility compressed to an uncomfortable degree. It’s not just a simple sideways consolidation; this resembles the eerie calm before a storm—both bulls and bears are secretly gathering strength, waiting for the moment to trigger a breakout.
The technical chart shows a classic "converging triangle" pattern, with bullish and bearish forces temporarily balanced, but this equilibrium won't last long. Tonight or tomorrow, a one-sided move is very likely, and it won't be a minor fluctuation. The trading volume on the order book already hints at an unusual calm.
From a trading perspective:
Long position — wait for the price to break above the MA7 (keep an eye on 2.1403), and only consider a genuine breakout if the 15-minute candlestick closes above 2.1410. Once confirmed, small positions can be taken, with targets around 2.1550-2.1600.
Short position — if the price rebounds to the 2.1350-2.1400 range (near yesterday’s high) but shows obvious weakness and struggles to go higher, it’s a clear sign to try shorting cautiously.
Honestly, the opportunity for this market move is right in front of us; the key is to be patient and watch the pattern develop. The market will always give signals—it's just a matter of whether you can catch them.