Bitcoin / TetherUS
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Double top, needs more consolidation to break the downtrend

140
Good hold around 8470 - 8500 area, double top around 8920 (coincidentally or not 0.236 fib). R:R looks more favorable in the current range towards the downside. Bearish ichimoku cloud above also confirms.
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Descending triangle formed, maintaining bias towards bearish in the near term. snapshot
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That triangle just got invalidate by a very powerful move, 8700 might be the new floor here and break above 8920 is bullish snapshot
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8920 will hold for now given the huge divergence on volume this move is getting exhaustive on momentum snapshot
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Bullish price action, potential break out (up) snapshot
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yup snapshot

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