This chart shows BTC/USDT may have finished a 5-wave move up — a classic Elliott Wave pattern — and is now starting to break down from a rising wedge (a bearish signal).
🔻 What this could mean:
Bitcoin just hit a strong resistance zone (red area) and failed to push higher. Now that it's broken below the support trendline, there's a good chance we’ll see a pullback or even a bigger correction.
📉 In simple terms:
Bitcoin may be running out of steam — after the recent pump, it could be gearing up for a drop. Short-term traders, watch out!
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