#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending triangle pattern on the 4H chart and is currently trading inside the Ichimoku Cloud, indicating indecision in the market. Price action is tightening near the apex of the pattern while holding above the key support zone around $116,000.
A decisive breakout above the descending trendline with volume confirmation could signal bullish continuation. On the other hand, a breakdown below the support zone would invalidate the structure and indicate potential downside.
Patience is required until the range resolves. Wait for clear confirmation before considering new entries.
