$BTC /USDT ANALYSIS

Bitcoin is currently bouncing back from the horizontal support/resistance level. It is encountering resistance at the 50-day moving average (50MA) and receiving support from the 100-day moving average (100MA).

If Bitcoin breaks above the 50MA and the descending trendline, this would indicate a bullish trend. Conversely, if it falls below the 100MA, it could lead to a correction.