Head and Shoulder pattern is completed

On a daily TF, as you can see, the Head and Shoulder pattern is completed, and BTC is holding the neckline. BTC also tested the daily support of $ 40,000 - $ 40,650 area and tried to hold above this. A break below the neckline is bearish, and the next support area is $ 37,000 - $ 37,500. The resistance for Bitcoin is now $ 44,000 - $ 45,000 area, and we may see a retest of this in the coming days.

Kommentera: