🔹 Asset: Bitcoin (BTC/USDT Perpetual Futures)
🔹 Timeframe: 30M (30-Minutes)
🔹 Exchange: MEXC
📊 Market Overview:
Bitcoin has successfully broken out of a curved resistance, signaling a potential shift in momentum. However, current price action suggests the formation of an Inverse Head and Shoulders (iH&S) pattern, which could lead to a bullish continuation if validated.
📉 Key Technical Insights:
✅ Curved Resistance Breakout: BTC has broken above a curved resistance, indicating short-term bullish strength.
✅ Inverse Head and Shoulders Formation: The structure suggests a possible reversal pattern, with key support around $82,500 - $81,500.
✅ Weekend Liquidity Caution: Volume is expected to be low over the weekend, which may lead to slow or choppy price action.
📌 Potential Trade Scenarios:
🔺 Bullish Breakout Confirmation: If BTC forms a valid iH&S pattern and breaks above $84,500 - $85,000, a rally towards $86,500 - $87,000 is likely.
🔻 Bearish Fakeout: If BTC fails to hold support at the reversal area ($82,500 - $81,500), further downside towards $80,000 could be in play.
📢 Final Thoughts:
Traders should wait for volume confirmation and monitor BTC’s reaction at key reversal areas before committing to a position. Low weekend volume may delay strong price movements.
🔔 Trade with caution and manage risk effectively! 🚀
🔹 Timeframe: 30M (30-Minutes)
🔹 Exchange: MEXC
📊 Market Overview:
Bitcoin has successfully broken out of a curved resistance, signaling a potential shift in momentum. However, current price action suggests the formation of an Inverse Head and Shoulders (iH&S) pattern, which could lead to a bullish continuation if validated.
📉 Key Technical Insights:
✅ Curved Resistance Breakout: BTC has broken above a curved resistance, indicating short-term bullish strength.
✅ Inverse Head and Shoulders Formation: The structure suggests a possible reversal pattern, with key support around $82,500 - $81,500.
✅ Weekend Liquidity Caution: Volume is expected to be low over the weekend, which may lead to slow or choppy price action.
📌 Potential Trade Scenarios:
🔺 Bullish Breakout Confirmation: If BTC forms a valid iH&S pattern and breaks above $84,500 - $85,000, a rally towards $86,500 - $87,000 is likely.
🔻 Bearish Fakeout: If BTC fails to hold support at the reversal area ($82,500 - $81,500), further downside towards $80,000 could be in play.
📢 Final Thoughts:
Traders should wait for volume confirmation and monitor BTC’s reaction at key reversal areas before committing to a position. Low weekend volume may delay strong price movements.
🔔 Trade with caution and manage risk effectively! 🚀
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.