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Looking at BTC, it is currently trading around 77K, and technical indicators are signaling an interesting situation. RSI is at 41, meaning selling pressure continues. At the same time, a descending triangle pattern is forming on the charts, which seems like a prelude to a parabolic move.
Support zones are between 75K-76K, and resistance is around 77.5K-78K. ATR remains low, indicating the market is in a tight range. Usually, such consolidations can lead to parabolic breakouts afterward.
If it surpasses 77.5K and closes above that, it could be a signal of a parabolic rally. But for now, we are in a wait-and-see mode. Attention should be paid to support levels, because if these zones are broken, a parabolic decline could also occur. From a technical perspective, I expect high volatility if the pattern breaks.