Bitcoin is currently facing resistance at the horizontal main supply zone while retesting the breakout point of the broadening wedge pattern.
A successful retest and breakout above this critical supply zone could confirm a bullish trend. Supporting the price action, the Ichimoku Cloud is providing strong support.
However, if the retest fails, further price movement within the pattern is expected.
#US30 failed to form the new ATH and broke the trendline. Price dropped hard and back inside the consolidation range and this will work as the support zone. Expecting a reversal from here and touch the previous highs.
ORDI is currently trading within a descending triangle pattern and rebounding from a horizontal demand zone. A breakout above the Ichimoku Cloud and the resistance trendline of the triangle could signal a bullish rally for ORDI.
#BTC gave a good rejection of the support in Weekly TF, and now we can see some sort of consolidation but at the same time its rejecting though the Strong Support. Look for a Upmove and also we have some strong news event.