#BTC/USDT ANALYSIS
$BTC Bitcoin is consolidating within a descending channel and is currently holding above the channel’s support trendline.
The Ichimoku Cloud is acting as a resistance barrier near the upper boundary of the channel.
A strong breakout above both the channel and the cloud would confirm a bullish move.
However, a breakdown below the support trendline would invalidate the setup and could lead to further downside.