2022-11-26 10:07:08
#BTC/USDT ANALYSIS
BTC is again getting rejected from the horizontal resistance. It has formed a small ascending triangle and trading inside it.
A successful breakout of the horizontal resistance would confirm a move toward the order block, which is the main level for bulls to break for the mid-term bullish confirmation.
A solid breakdown of the ascending triangle would push the price downward toward the horizontal support, from where we could expect a bounce while a sustained breakdown of the horizontal support would be a sign of another leg down in the market.
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