08/17/2023
💎 /USDT ANALYSIS
BTC got rejected from the Ichimoku cloud and the trendline resistance of the falling wedge. Currently, it is holding above its trendline support. RSI is in the extremely oversold region.
A bounce is expected from here and a successful breakout of the falling wedge would be the bullish confirmation. In case of a sustained breakdown of the falling wedge, a further correction is also expected in the market.
