⭐ BTC 1-Hour Chart Update

BTC now requires close attention to this structure. The 1-hour chart has already begun to edge out of the early head-and-shoulders-top pattern. The left shoulder, the head, and the right shoulder are all already fairly clear. Just now, the price pulled back to near the lower edge of the box, which is testing the neckline support at 80600. If this later effectively breaks downward, then in the short term it won’t be just box-range consolidation anymore—there’s a chance it could develop into a wave downward for distribution.

But you still can’t be too hasty right now, because the price has only just jabbed down near the lower edge. It is still consolidating within the box. Only if the price breaks below, and then fails to rebound upward, will the bearish structure become even more evident.$BTC #BTC回调