📊 ANALYSIS #BTC /USDT (8H)
Bitcoin continues to form a global symmetrical triangle structure, trading within a descending channel. The price tested the lower support boundary around $98,200 and bounced back up again. 🔁
🔹 Current price: ~$102,300
🔹 Support: $98,200
🔹 Resistance: $106,000 – $108,000
📉 A breakthrough of the lower boundary of the structure may increase pressure and open the way to $92,000–$89,000.
📈 However, if BTC continues to move within the triangle and forms a higher low, a bounce to the upper boundary and an attempt to break through with a target of $111,000+ is possible.
The Ichimoku and Bollinger Bands indicators show uncertainty: the price is in the cloud, volatility is narrowing.
🧠 Verdict: the market is in an accumulation phase, movement is gaining strength — we are watching for an exit from the triangle!