$BTC UPDATE
Bitcoin is currently consolidating within a descending triangle pattern on the 12-hour chart, with clear lower highs and a horizontal support zone around $103K–$104K. The price recently bounced from the support area and is testing the 50 EMA , which is acting as dynamic resistance.
A decisive breakout above the trendline with volume confirmation would signal bullish momentum and invalidate the bearish pattern. However, a breakdown below the horizontal support zone would confirm a deeper correction toward the $100K level or lower.