#BTC/USDT🔥 ANALYSIS

Bitcoin has broken down from the rising wedge pattern and is currently testing the horizontal support/resistance zone around $113,000 – $115,000. This level also aligns with the Ichimoku Cloud, making it a critical support area.

If BTC holds above this zone, we could see a potential rebound toward $117,500 – $120,000 in the short term. However, if the price fails to sustain above this key support, the structure suggests room for deeper correction, with the next major support lying near $111,000 – $109,000, and below that, a possible drop toward $98,000.

At this stage, the market is at a decision point. Holding this S/R level will be crucial for confirming a bullish continuation; otherwise, further downside pressure remains likely.