#BTCUSDT ANALYSIS#Bitcoin has broken down from the ascending channel with significant volume and is currently retesting the breakdown level. The Ichimoku Cloud is acting as a resistance barrier, indicating #bearish momentum. A successful retest could lead to a deeper market correction. However, failure to hold below this level may result in further price action back inside the channel. Keep an eye on upcoming price action developments. #CryptoRecovery $BTC
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#BTCUSDT ANALYSIS#Bitcoin has broken down from the ascending channel with significant volume and is currently retesting the breakdown level. The Ichimoku Cloud is acting as a resistance barrier, indicating #bearish momentum. A successful retest could lead to a deeper market correction. However, failure to hold below this level may result in further price action back inside the channel. Keep an eye on upcoming price action developments. #CryptoRecovery $BTC