Btcusdt technical analysis.

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This image is a Bitcoin (BTC) price chart against Tether (USDT) from Binance on a 1-hour timeframe, taken from TradingView. The chart shows a downtrend with a descending trendline (blue) acting as resistance.

Annotations suggest a potential price movement:

1. The price is expected to rise towards the trendline.


2. It is anticipated to reject off the trendline.


3. A downward movement is forecasted after the rejection.



The current price is 80,396.29 USDT, with a +2.29% increase. The overall trend appears bearish based on the descending resistance line.

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