$BTC : Pressure at the trendline decreases, the risk of adjustment still exists

Bitcoin is currently under pressure from the resistance line of the descending broadening wedge pattern, with the price being rejected right at the upper trendline. At the same time, the 50-period moving average (50MA) is acting as a resistance area, located above the current price movement.

In this context, the possibility of further adjustment from the current area is still being maintained. The price structure has not yet shown clear breakout confirmation signals.

However, if BTC can decisively break above both the 50MA and the resistance line of the wedge pattern, this will confirm a change in the technical structure and open up the possibility of a clearer recovery phase.

BTC
BTCUSDT
66,414.9
-1.35%