Bitcoin (BTC/USDT) Analysis

Pattern: Descending Wedge (Bullish Potential)
Major Resistance: Strong bearish pressure at key resistance level
Volume Analysis: Weak buying volume on recovery, strong selling volume earlier
Market Sentiment: Mixed with a slight bearish bias
Technical Indicator Probability
RSI: Neutral to Bearish (48.57) → 55% Bearish / 45% Bullish
ADX & DMI: Weak trend, bears slightly stronger → 58% Bearish / 42% Bullish
Bollinger Bands: Price at resistance zone → 60% Bearish / 40% Bullish
Moving Averages: Price struggling below key levels → 57% Bearish / 43% Bullish
Overall Probability Estimate
Bearish Continuation Probability: 60%
Bullish Breakout Probability: 40%
Conclusion
Slightly Bearish Bias unless confirmed breakout occurs.
Traders should wait for trend confirmation before entering positions.
A breakout or rejection at resistance will define the next major move.