$BTC / $USDT

Current Situation:

📉 Descending Trend: Bitcoin has been in a downtrend since mid-August, but it's now consolidating in a triangle pattern, signaling potential big moves.

Key Levels:

- 🔴 Support at $62,000: Watch this level. If BTC drops below it, 🚨 it could fall further to the $58,000 range.

- 🟢 Resistance at $66,000: A breakout above this could 🚀 push BTC towards $70,000 or higher.

Potential Outcomes:

- 📈 Bullish Scenario: If BTC breaks above the triangle (green arrow), expect a possible rise towards $66,000 and beyond.

- 📉 Bearish Scenario: If it breaks below the triangle (red arrow), a drop towards $62,000 or lower is likely.

Summary:

📊 Watch for Breakouts! The next move depends on whether BTC breaks the upper or lower boundary of the triangle.