02/03/2026
Two structures. Two ideas. One chart.
The wedge has been compressing inside a larger distribution since the $126k high. The apex is close.
A — structural breakdown trade. $63,489 is the line. A confirmed BOS through that level with displacement activates the thesis. Target: the 2024 breakout origin at $49,681. Structure defines the trade. Not opinion.
B — scenario idea if HTF support holds. The $49,500–$49,681 cluster is where the 2024 breakout began. If that level absorbs the move, a recovery scenario toward $63k+ becomes structurally plausible. That is an idea, not a call.
Structure defines the levels. Price decides when.