BTC WEEKLY OUTLOOK đ
Despite BTC being in a corrective and ranging phase within a broader downtrend, this week has started with an interesting development: an Inverse Head & Shoulders pattern.
Think of it like BTC falling three times, but the middle fall goes deepest, while the third fall is weaker. This can be a sign that sellers are losing strength and buyers may be stepping in.
If BTC breaks and holds above the neckline, we could see a stronger bullish move this week. But if the breakout fails, BTC may continue ranging or move lower.
My bias: cautiously bullish, but confirmation is key. đ
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#SP500EarningsBeatExpectations
#bitcoin
Despite BTC being in a corrective and ranging phase within a broader downtrend, this week has started with an interesting development: an Inverse Head & Shoulders pattern.
Think of it like BTC falling three times, but the middle fall goes deepest, while the third fall is weaker. This can be a sign that sellers are losing strength and buyers may be stepping in.
If BTC breaks and holds above the neckline, we could see a stronger bullish move this week. But if the breakout fails, BTC may continue ranging or move lower.
My bias: cautiously bullish, but confirmation is key. đ
#USToPressNationsToPickUSOrChinaAICoalition
#SP500EarningsBeatExpectations
#bitcoin