#BTC/USDT ANALYSIS

BTC rejected from the descending trendline and now it is holding above the horizontal support. A sustained breakdown of the horizontal support will confirm a downward move toward the horizontal support.

A bounce from here and a breakout of the descending trendline would confirm a move toward the point of control level, which is the main level for bulls to break out for the confirmation of a strong bullish rally in the market.

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