📊#BTC Bullish Head and Shoulders?
🧠From a structural perspective, the market has developed as expected, forming a bullish head and shoulders pattern around 65,000. After multiple unsuccessful attempts to break through the resistance zone around 68,000, it pulled back to test the yellow support line around 66,066. The resistance zone around 68,000 has now turned into a support zone. If the price can stabilize above this zone, we will still have the opportunity to continue moving higher. The next resistance is around 70,606, a significant resistance level is around 72,000 (which has been tested multiple times). The extreme resistance level is around 74,444 (it should not reach there quickly without major positive news).
➡️It is worth noting that we are currently near the descending trend line, where there is still a risk of a pullback. Resistance feedback around 69,300 has already emerged. Will it continue to break through upwards?
⚠️Note that the overall trend is still bearish. Even if the price rises rapidly, we still need to look for opportunities to short!
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BTCUSDT
دائم
66,807.8
+0.25%