📊 BTC/USDT Analysis:
1️⃣ Ascending Wedge (🔵 blue lines):
The price is moving within the structure of the ascending wedge, which is usually considered a bearish formation. A breakout downwards may indicate a price decline.
2️⃣ Support and Resistance Indicators:
Ichimoku Cloud: Partially bullish signal, the price is at the edge of the cloud. A breakout above the cloud may indicate continued growth. MA Level (moving average): MA9 at $97,852 — support remains, but there are risks. Bollinger Bands: Indicates a potential decrease in volatility while the price remains within the bands.
3️⃣ Volume (📈):
The chart shows a concentration of volumes around $90,000, making this level strong support.
4️⃣ Risks and Scenarios:
Downward breakout 🔻: The price may drop to the $88,000–$90,000 level. Upside 🔺: If the price breaks the upper boundary of the wedge, the next target is $110,000.
💡 Summary:
While BTC is in a zone of uncertainty, key levels remain $90,000 (support) and $100,000 (resistance). Watch for a breakout of the wedge and the reaction to volumes. 🛠️
