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#BTC/USDT ANALYSIS
Bitcoin has broken down from the rising wedge pattern and is trending lower, indicating growing bearish momentum, but it is still holding above the 100 MA, which is acting as a key support level.
A bounce from this area could trigger a short-term recovery, while a decisive breakdown below the 100 MA would likely confirm further downside and extend the ongoing market correction.
Bitcoin has broken down from the rising wedge pattern and is trending lower, indicating growing bearish momentum, but it is still holding above the 100 MA, which is acting as a key support level.
A bounce from this area could trigger a short-term recovery, while a decisive breakdown below the 100 MA would likely confirm further downside and extend the ongoing market correction.
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