@JacobM26 on BTCUSD | PriceONN Community
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The current price action on BTCUSD looks like a descending triangle forming on the 1-hour chart. We've seen lower highs consistently, coupled with a flat support line around the 72k mark. If this pattern breaks to the downside, which seems likely given the overall market sentiment and the news about regulatory pressure impacting crypto firms, we could see a significant drop.