🚨 $BTC Update ‼️
Following the news of the Trump administration imposing tariffs on the EU, global markets—including crypto—have seen a sharp decline.
On the Bitcoin (BTC) daily chart, we have observed a fakeout. The retest failed, and the price has dipped back inside the Ascending Triangle pattern.
Currently, BTC is approaching the pattern's support trendline. This line has held strong in the past and is a critical level to maintain. A failure to hold here could trigger further downside momentum.
Key Levels to Watch:
Trendline Support: $91,000 – $90,300
Downside Targets: If support breaks, we will likely fill the CME gap around $88,600 and potentially test lower levels at $86,500.
Summary: Volatility remains high. The next few hours will be decisive for Bitcoin's direction. What are your thoughts?
