๐๐ฐ #BTC/USDT Analysis Update:
BTC took a tumble following the breakdown and successful retest of the rising wedge pattern. ๐ It's worth noting that BTC also breached the crucial MA 100 and the Ichimoku cloud, indicating increased bearish sentiment. ๐ปโ๏ธ However, there's a glimmer of hope as BTC is currently clinging above the horizontal support level.
Investors are eyeing a potential bounce from this support zone, hopeful for a reversal in the short term. ๐๐ However, caution is advised as a solid breakdown below the horizontal support would signal further downward pressure, potentially leading BTC towards testing the MA200 support level. โ ๏ธ๐
Stay tuned for further updates as BTC navigates through these critical support levels! ๐๐ผ #BTCAnalysis #CryptoTrading ๐๐ฑ