#HotTrends #BTC #analysisreport
$BTC is currently forming a small rising wedge on lower timeframes, a pattern often indicating a potential downward break. The crucial support level to monitor lies at $69k-$70k.

Here's the breakdown:

Wedge Pattern: Signifies a possible trend reversal, with price squeezed between converging lines.

Downward Break: Rising wedges commonly result in downward breaks, so caution is advised. ⚠️

Support Zone: The $69k-$70k range could act as a stronghold if bulls maintain dominance. 🟢

Upward Trend: Sustaining above support could extend the rally, signaling a bullish scenario.

Is this a Bull Trap or a Genuine Breakout?