$BTC Inverse Head & Shoulders Is the Shakeout the Setup?
I’m watching an interesting structure on $BTC .
The left shoulder formed around June, the head bottomed near $57.7K, and the market may now be building the right shoulder.
If this structure holds, the key level is the $67K neckline.
A clean breakout with strong volume could confirm the pattern and potentially trigger a wave of short covering.
But until BTC actually reclaims the neckline, it’s still a setup not a confirmed breakout.
The bears calling for $40K may be right… or they may become the buyers chasing the breakout.
Structure first. Confirmation second.
#CPIPPIEaseFedSplit #AIInfraEarningsWatch #KoreaChipsLeadRebound
I’m watching an interesting structure on $BTC .
The left shoulder formed around June, the head bottomed near $57.7K, and the market may now be building the right shoulder.
If this structure holds, the key level is the $67K neckline.
A clean breakout with strong volume could confirm the pattern and potentially trigger a wave of short covering.
But until BTC actually reclaims the neckline, it’s still a setup not a confirmed breakout.
The bears calling for $40K may be right… or they may become the buyers chasing the breakout.
Structure first. Confirmation second.
#CPIPPIEaseFedSplit #AIInfraEarningsWatch #KoreaChipsLeadRebound