ANALYSIS #BTC /USDT

Bitcoin has broken down from the descending triangle and is currently undergoing a retest below the breakout level. The Ichimoku cloud acts as a resistance barrier above the price.

A successful retest will confirm the breakout and likely lead to further correction in the market.

However, if the retest fails, the price may return within the triangle's bounds. Keep a close eye on the upcoming price action for confirmation of the next move.