#BTC/USDT ANALYSIS
BTC is forming an ascending triangle on the hourly timeframe and is currently trading above the ascending support trendline.
A bounce from this support, followed by a breakout above the triangle resistance, would provide strong bullish confirmation.
However, if $BTC breaks below the support trendline and retests the triangle from underneath, it would signal bearish momentum and could indicate a potential downside move in the market.
BTC
70,027.7
-3.85%