📉 #BTC/USDT ANALYSIS
Bitcoin is in a consolidation phase within a descending triangle, indicating uncertainty in the market.
The current price is trading below the Ichimoku Cloud, which is currently acting as a key resistance for the bulls.
🔹 As there has been neither a breakout upwards nor a breakout downwards, the market is in anticipation.
🔹 A downside breakout will strengthen the bearish momentum and may lead to a decline.
🔹 An upside breakout indicates a trend reversal and the start of a new bullish movement.
📌 Recommendation: We are waiting for confirmation of the direction of movement. Trade in the trend after breaking out of the triangle.
