$BTC /USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone within a descending triangle pattern on the 2H chart. The price has reclaimed the $118,000 level after a sharp recovery, showing signs of strength.
The 100MA is currently acting as dynamic support, while the Ichimoku Cloud and descending trendline above are serving as immediate resistance.
A confirmed breakout above both the Ichimoku Cloud and the descending triangle pattern would validate bullish momentum and could initiate a new leg to the upside.
Wait for a candle close above the trendline with strong volume to confirm continuation.
