It is reasonable to look for a breakout towards the second reversal zone on the TA chart, but the first reversal zone is right overhead and could be hit at any moment.

$BTC In a previous post, I highlighted two potential reversal zones where I believe this relief rally could come to an end.

Now, we have printed an inverse head and shoulders pattern, which suggests a price target of 67k for this leg up.

Coincidentally, 67k also sits within my second reversal zone, making a reaction there quite likely.

Of course, we could still get rejected before reaching it in the first reversal zone just above us.

However, from a TA standpoint, a move toward the second zone would make sense.