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Bitcoin will go DOWN by H&S Pattern!!!

已更新

Bitcoin()started to rise after every positive news over the past days, but then started to fall again. Did you see the negative news that did not come!?

Bitcoin is moving in the Support zone($95,600-$93,200) and Descending channel.

The rise and fall of Bitcoin over the past 5-6 days has managed to form an Head and Shoulders Pattern. (in terms of Classical Technical Analysis).

Since BTC.D%() started to fall from the Heavy Resistance zone(63.30%-57.10%) and after breaking the lower line of the ascending channel, we can confirm that Bitcoin's dominance on the crypto market can end for a while. If the cryptocurrency market wants to have a correction, Bitcoin can experience a further correction. If the crypto market wants to experience an increase again, we can say that we have entered the Altseason.👇

I expect Bitcoin to fill the CME Gap($93,835-$93,720) AFTER breaking the Head and Shoulders Pattern's Neckline and Support zone($95,600-$93,200) and then decline to at least the H&S pattern's target(around $91,000).

🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏

⚠️Note: If Bitcoin goes above $96,800, we can expect Bitcoin to rise again to the resistance lines.⚠️

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

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交易开始

After Bitcoin failed to break the Neckline of the Head-and-Shoulders Pattern, I was waiting to see what it would do next.

It seems that Bitcoin has succeeded in forming the Bearish Quasimodo Pattern and Rising Wedge Pattern.

I expect Bitcoin to drop at least until the Lower Low(LL) =$93,700.

The CME Gap($93,835-$93,720) is not filled yet.

⚠️If Bitcoin goes above Lower High(LH=$97,200), it could be your Stop Loss(SL) or the next SL could be $98,402.⚠️(It depends on your capital management).

交易结束：到达止损

Stop Loss was touched❌

All news:👇

'Who's Laughing Now?' NYC Mayor Eric Adams Boasts About Bitcoin Paychecks.

President Putin says: “#Bitcoin, Digital Assets will continue to develop.

Federal Reserve Chair Jerome Powell: Bitcoin is like gold, not dollars.

🔔Probably BTC will touch $100,000 Soon

⚠️Cumulative Short Liquidation Leverage: $100,800 - $99,210