<ul><li>Daan highlighted the formation of a symmetrical triangle on the BTC/USD chart, warning of potential false breakouts before reversing.</li><li>The consolidation phase is supported by a spot premium and institutional buy pressure, preventing mass unwinds due to low funding risk.</li><li>Traders are advised to be cautious due to potential false moves, but a breakout from the current range could offer a strong entry signal.</li><li>Volatility is increasing, and institutional interest remains high, raising anticipation for Bitcoin's next direction amid the consolidation phase.</li></ul>

Bitcoin Traders Brace for Breakout as Consolidation Nears Decision Point

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