$BTC

Bitcoin (BTC) has recently broken down from a bearish diamond pattern, as shown in the attached chart. The diamond pattern, typically a reversal structure, has led to a significant price drop after the breakdown. This could indicate a shift in market sentiment, especially after a strong upward trend.

With prices breaking the support level of around 102,000 USDT, BTC is showing signs of weakness. Traders should exercise caution and watch for further downside, as a move below 98,500 USDT could open the door for a larger correction.

In the short term, it's essential to wait for confirmation of the next support or potential consolidation before making any major trading decisions. Keep an eye on volume and market behavior for clues.

#Bitcoin #BTC #BearishPattern #DiamondPattern #CryptoAnalysis #MarketPullback