#BTC / #USDT update
BTC is currently consolidating below the neckline of the head and shoulder pattern.
It is currently maintaining support above $26,500 and the 100-day moving average (MA 100).
The MACD crossover is indicating neutral signals.
Confirmation of a sustained breakdown below the MA 100 would suggest a further downward movement towards the horizontal support.
Conversely, if BTC bounces from its current level and successfully reclaims the neckline of the head and shoulder pattern, it could indicate a resurgence of #Bullish sentiment in the market.
