Bitcoin is rebounding from the horizontal demand zone within a descending triangle pattern. It is currently holding above the 100MA, which serves as a support level.
However, the Ichimoku Cloud indicates bearish momentum. A decisive breakout or breakdown is needed to confirm the next directional move.
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BTC-USDT ANALYSIS
Bitcoin is rebounding from the horizontal demand zone within a descending triangle pattern. It is currently holding above the 100MA, which serves as a support level.
However, the Ichimoku Cloud indicates bearish momentum. A decisive breakout or breakdown is needed to confirm the next directional move.
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