BTC/USDT (Bearish 1hr Pattern)

BTC/USDT

-since the drop from 9600s area
-the price is unable to break above the 50ma on 1hr chart
-it acted as a dynamic resistance zone
-Bitcoin is testing the flat area of support again
-which is a bearish sign because it gets weaker over time
-it is also painting a bearish descending triangle
-if we see a close below key support
-there is a high chance we will see 8.9k-8.6k support area