🟢 BTC/USDT ANALYSIS

🟢 Bitcoin has recently broken below the horizontal demand zone of a descending triangle pattern, signaling a potential shift in market sentiment. It is currently in the process of retesting the lower boundary of the triangle.

🟢 The Ichimoku Cloud reinforces this bearish outlook, with its indicators showing increased downward momentum. If the retest of the triangle's boundary confirms this bearish bias, we could see a continuation of the decline, potentially leading to a significant drop in price.

🟢Conversely, if Bitcoin fails to sustain below this level during the retest, it may enter a phase of consolidation within the descending triangle.