$BTC UPDATE
There is once again a possibility of a 'Head and Shoulders' pattern forming on the 1-day timeframe.
If this happens, we could first see Bitcoin drop to around $62k; then, based on technical analysis, it would likely bounce up to the $67k resistance level. If it breaks through that resistance decisively, we could see a move toward higher levels, as shown in the diagram.
Those currently holding LONG positions should manage their trades carefully; the 'Right Shoulder' needs to form before any potential pump, which means BTC is likely to dip slightly.
There is once again a possibility of a 'Head and Shoulders' pattern forming on the 1-day timeframe.
If this happens, we could first see Bitcoin drop to around $62k; then, based on technical analysis, it would likely bounce up to the $67k resistance level. If it breaks through that resistance decisively, we could see a move toward higher levels, as shown in the diagram.
Those currently holding LONG positions should manage their trades carefully; the 'Right Shoulder' needs to form before any potential pump, which means BTC is likely to dip slightly.