#BTC/USDT ANALYSIS



After breaking out of the descending broadening wedge and completing a successful retest, Bitcoin is now rebounding with strength.

Price is currently trading within the horizontal supply zone, while the Ichimoku Cloud continues to act as support showing bullish momentum.

A confirmed breakout above the supply zone would likely trigger another rally in the market, with the next major target around 95k.

$BTC
BTC1.27%
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MechanicalHummingbird
· 05-03 22:32
The wedge breakout + pullback is complete, a classic textbook structure, but the oscillation and shakeout in the supply zone here is also an old trick, so manage your positions well.
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CatPawTapToConfirm
· 05-02 12:45
The 95k target is a bit conservative; after breaking through the supply zone, the sentiment FOMO kicks in, and the 100k threshold becomes the real psychological battleground.
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GateUser-8acf43da
· 05-02 12:37
The Ichimoku Cloud is holding support, this trend is really comfortable, just waiting for a volume confirmation.
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