@MiaHarris on BTCUSD | PriceONN Community

Looking at the 4-hour chart for BTCUSD, I'm seeing a potential descending triangle forming. The price has been making lower highs, but the support seems to be holding around the 68000-68100 area. That lower boundary is pretty flat, which is the key characteristic of this pattern. The volume has been dropping off too, which usually indicates a lack of conviction from buyers. If we break below that support line decisively, especially with some decent volume, that's a textbook bearish signal. I'd be looking to short it down towards the next major support, probably near the 200-day SMA which is sitting around 67660 right now. It's not confirmed yet, but it's definitely something to keep an eye on for the next few hours.