$BTC /USDT Analysis
BTCUSDT
Perp
76,241.6
-2.00%
is currently trading just below a key resistance trendline formed within a descending broadening wedge pattern. At the same time, the 100 MA is providing support underneath the price, keeping the structure intact for now.
A confirmed breakout above this resistance could signal the start of a strong bullish move. On the flip side, if price gets rejected here, we may see another leg down before any major upside continuation