✅ Pattern: Potential Inverse Head & Shoulders
Look closely:
Left dip → around 76.8k
Deep dip (Head) → around 75k
Right dip → higher low near 76.5k
Now price is pushing back up
This is a classic reversal structure.
✅ Important Level: Neckline Resistance
The dotted zone you marked around:
79,000–79,200
That is the neckline / supply cap.
Price is repeatedly testing it.
📌 Until this breaks, structure is still “building.”
✅ Structure Type: Higher Low Creation
This is the most important:
Previous low = 75k
New low = ~76.2k
That means:
Higher Low → Early Bullish Shift
This is how reversals begin.
🚦What’s Needed for Confirmation?
Bullish Confirmation = Break + Close Above 79.2k
If BTC closes above that zone:
✅ Structure break
✅ Trend reversal likely
✅ Next targets:
80.5k
82k
84.4k (major resistance)
⚠️ Bearish Risk
If price rejects again and breaks below:
76.5k support
Then structure fails and BTC can revisit:
75k
73.8k
📌 Conclusion
BTC is creating a structure:
✅ Base + Range
✅ Higher Low
✅ Possible Inverse H&S
⏳ Waiting for neckline breakout
Look closely:
Left dip → around 76.8k
Deep dip (Head) → around 75k
Right dip → higher low near 76.5k
Now price is pushing back up
This is a classic reversal structure.
✅ Important Level: Neckline Resistance
The dotted zone you marked around:
79,000–79,200
That is the neckline / supply cap.
Price is repeatedly testing it.
📌 Until this breaks, structure is still “building.”
✅ Structure Type: Higher Low Creation
This is the most important:
Previous low = 75k
New low = ~76.2k
That means:
Higher Low → Early Bullish Shift
This is how reversals begin.
🚦What’s Needed for Confirmation?
Bullish Confirmation = Break + Close Above 79.2k
If BTC closes above that zone:
✅ Structure break
✅ Trend reversal likely
✅ Next targets:
80.5k
82k
84.4k (major resistance)
⚠️ Bearish Risk
If price rejects again and breaks below:
76.5k support
Then structure fails and BTC can revisit:
75k
73.8k
📌 Conclusion
BTC is creating a structure:
✅ Base + Range
✅ Higher Low
✅ Possible Inverse H&S
⏳ Waiting for neckline breakout
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
