MEGAPHONE ALERT! BTC 1H Outlook

🧩 Megaphone Formation (Broadening Wedge)
Volatility expanding inside a widening range

Price now testing the Fib cluster (0.66–0.618) between 105,568–105,987

RSI at 66.3, nearing overbought — pressure is building

Volume surging above 20-period MA → breakout imminent

🎯 Key Confluences:
Upper Bollinger Band: 105,950

Mid BB (Basis): 105,110

Lower BB: 104,342

55 SMA: 104,500

SL Zone (Invalidation): Above 106,500 (upper wick resistance)

🔻 Bearish Breakdown Scenario:
Loss of 105,100 and breakdown from lower wedge line

RSI drops < 45 + volume spike → hedge confirmation

Targets: 104,000 → 102,500

🔺 Bullish Breakout Scenario:
Close above 106,000–106,500 with volume

Targets: 107,800 → 108,900

Manage with trailing stops — things will be quick!

⚠️ Summary:
Megaphone = Volatility Bomb
Stay nimble. If BTC fails at this Fib zone, the breakdown will be fast and decisive. If it breaks out, bulls might squeeze higher but need volume to sustain it.