#BTC/USDT ANALYSIS

Bitcoin is currently consolidating within a descending broadening wedge pattern, trading downward as bearish momentum prevails.

The Ichimoku Cloud is acting as a strong resistance, reinforcing the downward pressure.

To determine the next major move, we need to watch for a decisive breakout above the pattern, which could signal a bullish reversal, or a breakdown below the support, confirming further downside.

Monitoring key support and resistance levels, along with volume dynamics, will be crucial in anticipating Bitcoin’s next direction.

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