#BTC/USDT ANALYSIS

Bitcoin is currently consolidating within a descending channel pattern. It is facing rejection from the resistance trendline of the channel, indicating selling pressure at higher levels.

On the downside, the 21MA is acting as a dynamic support just below the current price action.

A decisive breakout above the channel resistance, accompanied by strong volume, could signal a potential bullish trend reversal and trigger upward momentum.

Conversely, a breakdown below the 21MA may lead to further downside, potentially extending the bearish trend within the channel.

Keep an eye on the price action near these key levels to confirm the next directional move.