#BTC /USDT ANALYSIS

Bitcoin is consolidating inside a descending wedge and is currently trading above the trend support line. The Ichimoku cloud acts as resistance above the wedge.

A reliable breakout from this pattern will confirm a bullish trend, while a breakout below the support line will invalidate the pattern.

🔎 Situation Analysis

Figure: descending wedge on 2H – in classic terms, this is a bullish formation (often ends with a breakout upward).

Current point: bounce off the lower boundary of the wedge – a signal for a local long. But the risk is that the price has not yet tested the upper boundary.

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