#BTC/USDT ANALYSIS
Bitcoin is rebounding from the rising support trendline after a clear rejection from the horizontal supply zone near 122–124K. Price is currently resting on the top of the Ichimoku Cloud, which is acting as support and helping buyers defend the pullback.
A strong 2D close above both the Cloud and the supply zone would confirm a bullish continuation. However, a breakdown and close below the support trendline/Cloud (~110K area) could invite further downside toward prior demand levels, so risk management is key.