$BTC Price just broke below the neckline of the head and shoulders pattern I mentioned in a previous post.



Now I want to see at least a daily close below the neckline, followed by a retest, before scaling further into my swing short.

We’ve also lost the aVWAP of this entire move and are now approaching the value area low.

From there, we could see a bounce back toward the aVWAP and POC around 76k, where I’d expect rejection and continuation to the downside.

My target for this pattern remains 65k.
BTC-3.1%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned