📉 $BTCUSDT Analysis 📉
🔍 Contrary to the bullish sentiment, I've identified a potential cup formation near $48,160.8.
🔄 Anticipating a 50% Fibonacci retracement around $31,881.3 – a critical support level. A possible retest is on the horizon.
🧐 Do Your Own Research (DYOR) and Take Your Own Action (TYOA).
#Bitcoin/USDT. #cryptoanalysis #BTC!💰 #TechnicalAnalysis
