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#BTC/USDT ANALYSIS
BTC has formed an inverse head and shoulder pattern and is currently attempting to break out of the horizontal resistance. However, it has recently faced rejection from this resistance level. Nevertheless, it is trading above the MA 200, the ascending trendline, and the Ichimoku cloud.
A solid breakout above the horizontal resistance is essential for confirming a bullish trend. Conversely, if the resistance holds and there is a sustained breakdown of the Ichimoku cloud, it could signal a potential correction in the market.