💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
March 2nd Morning Bitcoin Analysis
Based on the current market situation, Bitcoin faces significant resistance at the 72,000 level, with multiple attempts to break through failing to establish a stable position. This is the current key resistance level. In the short term, the bullish and bearish signals are still unclear, and patience is needed as the market provides a clear direction.
Trading Recommendations
- Consider short positions in batches if the price rebounds to around 72,000;
- If the price successfully stabilizes above 72,000, bulls can aim for around 75,000.
- The first target below is 69,000-68,000. If this level is broken, the downside potential will further increase.
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#当前行情抄底还是观望? #加密市场回调 #2月Web3节点