🔍 🚀🚀🚀 Analysis #BTC/USDT — 1D 🔥🔥🔥🔥
📉 Price: ~$103,724 (-2.88%)
📊 Current structure:
Bitcoin is trading within a descending wedge — a potentially bullish formation. The price is currently holding above the level of $101,749 and the Ichimoku Cloud, which creates a foundation for a possible reversal.
📈 Growth prospects:
If exiting the wedge, growth to $117,000 is possible — this is +9.2% from current levels.
A double bottom is forming with a support level of 1.21, which also indicates a chance of recovery.
The Ichimoku Cloud remains below the price — the trend remains neutral-positive.
⚠️ Risks:
Continued pressure from macro factors: geopolitics, the Fed, hash rate.
Potential downward breakout — key support levels:
🔹 $101,749
🔹 $98,723
Lack of volume and weak bounce from the lower boundary of the wedge may lead to a deepening correction to $97K–$95K.
📌 Conclusion:
BTC remains in a zone of uncertainty but is forming technical conditions for a breakout upwards. A breakout at $106,000 with confirmation is a signal to long with a target of $117K. However, until that moment, false movements and tests of lower levels are possible.
🚨 Manage risks!