Update #BTCUSDT
The price of Bitcoin has broken from the ascending wedge pattern, which often indicates bearish reversals after sustained upward trends.
The price has fallen below the lower trend line, confirming its weakness, and will test the defined horizontal demand zone, which now represents important short-term support. If this area does not hold, bearish momentum may accelerate towards deeper correction levels.
Conversely, recovering the wedge boundaries with strong trading volume could negate the breakdown and restore the upward trend.
Good luck to everyone 🤍