$BTC Update: Cup & Handle vs Double Top đ
Bitcoin is sitting at a decision point on the M30 chart, around 86,100.
đ Bullish read: Cup & Handle
Left rim at about 87,150, cup low at about 83,800 Slow recovery with higher lows, then a right rim at about 86,900 The handle is forming now, with support at about 85,400 A close above 87,150 confirms it, with a target near 90,000
đ Bearish read: Double Top
Two peaks at about 87,150 and 86,900, with the second slightly lower A close below the 85,400 neckline confirms it, with a target near 83,650
âïž Key levels
Above 87,150: bulls in control Below 85,400: bears in control In between: range, no confirmation yet
After 12 years in Bitcoin, I've learned that waiting for the close beats guessing the breakout. I'm watching both levels.
Which way do you think it breaks? Tell me in the comments đ
Not financial advice. Do your own research.
#BTC #bitcoin #TechnicalAnalysis #cryptotrading #BinanceSquare
Bitcoin is sitting at a decision point on the M30 chart, around 86,100.
đ Bullish read: Cup & Handle
Left rim at about 87,150, cup low at about 83,800 Slow recovery with higher lows, then a right rim at about 86,900 The handle is forming now, with support at about 85,400 A close above 87,150 confirms it, with a target near 90,000
đ Bearish read: Double Top
Two peaks at about 87,150 and 86,900, with the second slightly lower A close below the 85,400 neckline confirms it, with a target near 83,650
âïž Key levels
Above 87,150: bulls in control Below 85,400: bears in control In between: range, no confirmation yet
After 12 years in Bitcoin, I've learned that waiting for the close beats guessing the breakout. I'm watching both levels.
Which way do you think it breaks? Tell me in the comments đ
Not financial advice. Do your own research.
#BTC #bitcoin #TechnicalAnalysis #cryptotrading #BinanceSquare
