#BTC/USDT Analysis – 4H Chart Update

Bitcoin has broken down from the rising wedge pattern and retested the breakdown zone, encountering strong resistance from both the Ichimoku Cloud and the 200MA.

Key Resistance: The upper green zone is around $98,000–$99,000.

Support Zone: The horizontal black box around $92,000–$94,000 serves as immediate support.

A failure to hold above this support zone could continue the downtrend, potentially targeting the larger beige demand zone near $78,000–$80,000.

Conversely, if BTC manages to reclaim the green resistance zone, it could invalidate the bearish outlook and push higher.

Overall, the bias remains bearish unless BTC reclaims key resistance levels.

https://www.tradingview.com/chart/BTCUSDT/Wt4D809E-BTC-USDT-Analysis/