BTC is currently consolidating within a symmetrical triangle after a significant drop, indicating indecision in the market. We’ve seen a smaller rectangle pattern within the triangle, signaling potential for short-term volatility before a breakout. The RSI is slightly above neutral, and MACD shows some bullish momentum, suggesting a potential breakout to the upside. However, be cautious as the target levels suggest significant moves could occur in either direction once the price breaks out of the triangle. Keep an eye on these levels; a decisive move could set the tone for the next major trend.
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