#BTC/USDT ANALYSIS
BTC is currently moving within an ascending triangle on the hourly timeframe. It remains above the trendline support, with both the Ichimoku Cloud and the 50 MA providing additional support in the same area.
A bounce from the trendline support followed by a successful breakout and retest of the ascending triangle would confirm bullish momentum. However, if the trendline support breaks decisively, a short-term correction could be expected.
BTCUSDT
Perp
63,915.9
-0.12%