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#BTC/USDT ANALYSIS
It is currently above this support, MACD crossover is showing bearish momentum. RSI just entered the oversold region. We can expect a bounce from the current support. If we see a sustained breakdown then this would be a bearish sign.
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BTC broke the 38.8 k support let's see how the 4-hour candle closes.
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In a shorter time frame, BTC is making this falling wedge pattern. In case of a breakout, we expect a 10% bounce. we can see some bullish indication on RSI Let's see how the market reacts a few hours.
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BTC breaks out this falling wedge pattern now we just need to break 50ma which is around 38.8k level let's see BTC can break the ma or not.