📉 ANALYSIS #BTC/USDT (1D)
Bitcoin continues to trade near the descending trendline, which serves as a key resistance. The price has tested this area several times but has not yet broken through.
📌 Technical details:
MA(7), MA(25), and MA(99) form a support and resistance area in the $10600–$10700 zone.
The Ichimoku cloud acts as support. BTC remains above the cloud, which maintains the growth structure.
Bollinger Bands indicate a squeeze — a strong impulse is likely.
Parabolic SAR is below the price, confirming a bullish sentiment.
🔻 Support: $10500 / $10390
🔺 Resistance: $10950 / $11100 (and the trendline)
📈 A breakout of the descending trendline with a close above $11000 will open the way to new local highs.