The BTC/USDT analysis shows the following important points:

Current situation:

  • Rising with High Volume: Bitcoin showed a strong bullish move accompanied by high trading volume after breaking out of the triangle pattern. High volume confirms the strength of the movement and interest from buyers.

  • Rejection at Horizontal Resistance: BTC is currently facing a strong horizontal resistance level. This rejection indicates that the bears are defending this level, and until the bulls can overcome it, further upward movement is limited.

Key scenarios:

  1. Retesting the triangle:

    • Description: The price may return to the upper border of the broken triangle for retesting.

    • Purpose: This movement will test the strength of the bulls. A successful hold of this area will confirm the bullish sentiment and could lead to new upward momentum.

    • Action: Watch the price reaction at this level. If there is a rebound with high volume, this could be a signal to open long positions.

  2. Decisive break above horizontal resistance:

    • Description: The price must confidently overcome the current horizontal resistance level.

    • Goal: A confident breakout and consolidation above this level will open the way to further growth and confirm the strength of the bullish trend.

    • Action: It is important to monitor trading volume during a breakout. High volume will confirm the seriousness of the bulls' intentions. In this case, you can consider opening long positions with targets above the current resistance.

Technical recommendations:

  • Monitoring key levels: Carefully monitor the price reaction at the upper border of the broken triangle and the horizontal resistance level.

  • Trading Volume: High volume on a breakout or bounce will be a strong confirmatory factor.

  • Additional Indicators: Use indicators such as RSI or MACD to further confirm the strength of the move. They will help identify overbought or oversold areas.

Conclusion:

Bitcoin is at a key stage where it requires either a retest of the upper boundary of the broken triangle or a decisive break above the current horizontal resistance to confirm the bullish trend. Both scenarios require careful monitoring of trading volumes and price reactions at critical levels. This will help determine the future direction of BTC's movement.