#BTC bullish head and shoulders structure, cautiously bearish

Aug 20

📊#BTC bullish head and shoulders structure, cautiously bearish⚠️

🧠 From a structural perspective, we have discovered a bullish head and shoulders structure. If we continue the bull trend with this structure as support, we could at least see a move above 64k.

➡️But we are currently in the resistance zone and are also blocked by the downward trend line. The price/performance ratio of chasing the increase is the worst, so if you want to go long, you must at least wait for a period of correction before considering it.

➡️If you want to go short in the resistance zone, my suggestion is to be cautious and set a stop loss. The current resistance that can be seen is around 61,000.

Let’s see 👀

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