Monthly Support Holding | High-Reward Setup Ahead | Binance Square Family

Bitcoin has just tapped into its key monthly support at $73800, and price action has now formed a classic falling wedge pattern — a structure that typically signals bullish reversal potential.

The cryptocurrency market has just witnessed Bitcoin (BTC) testing its key monthly support at $73,800. At the same time, price action has formed a classic falling wedge pattern—a structure that usually presents high-reward breakout potential.

This wedge, emerging after a healthy correction, could be setting the stage for a major move in the coming weeks.

Pattern: Falling wedge

Monthly support: $73,800

Breakout target: $110,900

Structure: Tight price compression, often leading to volatility

Bias: Bullish—on wedge breakout confirmation with volume

This is a higher timeframe pattern that may take some time to develop, but the setup presents a strong risk-reward opportunity for those who can spot it early.

How to approach this pattern:

Look for breakout confirmation above the wedge resistance.

Use volume and momentum to support the move.

Plan entries and risk management meticulously—wedges are known to fake out before breaking decisively.

This is not financial advice—just a technical perspective shared with the Binance Square community.

Bitcoin has just touched upon its key monthly support at $73,800, and the recent price action has now formed a classic falling wedge pattern—a structure that typically signals potential bullish reversal.

This wedge, emerging after a healthy correction, could be the foundation for a major breakout in the coming weeks.

Pattern: Falling wedge

Monthly support: $73,800

Breakout target: $110,900

Structure: Tight price compression, often leading to volatility

Bias: Bullish—on wedge breakout confirmation with volume

This is a higher timeframe pattern that may take some time to develop, but the setup presents a strong risk-reward opportunity for those who can spot it early.

How to approach this pattern:

Look for breakout confirmation above the wedge resistance.

Use volume and momentum to support the move.

Plan entries and risk management meticulously—wedges are known to fake out before breaking decisively.

This is not financial advice—just a technical perspective shared with the Binance Square community.