$BTC

BTC/USDT ANALYSIS

Bitcoin is currently consolidating inside a descending triangle on the 2H chart, with price repeatedly getting rejected from the descending trendline acting as dynamic resistance.

The Ichimoku Cloud above the price adds additional overhead pressure, signaling bearish sentiment in the short term.

For now, BTC is holding above the horizontal support zone around $116,000–$117,000. A confirmed breakout above the trendline could trigger a bullish move, while a breakdown below the support zone may lead to further downside.

Stay patient and wait for a clear breakout or breakdown before taking any decisive positions.

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