@mthomas567 - BTCUSD | PriceONN Topluluk
M
I've been studying the recent BTCUSD price action, and I'm noticing a potential descending triangle forming on the hourly chart. The series of lower highs is concerning, but the price seems to be finding support around the 67500-68000 level. If this support breaks, we could see a significant move downwards. However, if the price bounces off this level and breaks above the descending trendline, it could signal a bullish reversal. I'm watching the volume closely to confirm any breakout. What do you guys think? Is it too early to call this a descending triangle?